Cadiscor will apply to the Quebec Superior Court on Monday May 25, 2009 for a final order approving the plan of arrangement. The closing of the business combination is scheduled for May 26, 2009. Upon closing, the trading of Cadiscor on the TSX Venture will be halted and the shares of Cadiscor will be later delisted from the TSX Venture.

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The name of the combined company will be

North American Palladium Ltd ("NAP") (TSX:PDL)(NYSE Amex:PAL).