Business
Canadian Palladium Provides Update on Recent Market and Marketing Activity
Vancouver, British Columbia--(Newsfile Corp. - January 24, 2020) - Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) ("Canadian Palladium" or the "Co
About this update from Quest Critical Metals Inc
[{"type":"text","content":" Vancouver, British Columbia--(Newsfile Corp. - January 24, 2020) - Canadian Palladium Resources Inc. (CSE: BULL) (OTCQB: DCNNF) (\"Canadian Palladium\" or the \"Company\"), has been asked by the OTC Markets Group Inc. (the \"OTC\") to comment on recent marketing activity pertaining to trading of the Company's common shares on the OTCQB market. On January 9, 2020, the Company engaged GRA Enterprises LLC (\"GRA\") to distribute promotional material over GRA's National Inflation Association (\"NIA\") media distribution channels. These promotional materials were to focus on the palladium market in general, the Company's East Bull Palladium Project in particular, and the Company's potential to become a future producer of palladium. On January 14, 2020, NIA began to distribute a promotional email to its subscriber list referring to recent gains in the market for palladium and making promotional statements about the Company, the East Bull Palladium Project and NIA's expectation that precious metals investors would quickly discover that the Company was the best way to capitalize on rapidly rising palladium futures (hereafter, the \"NIA Release\"). After inquiry, the Company has determined that none of its officers, directors or control persons were involved in drafting the NIA Release, nor did any of them have any editorial control over its content. Although members of management were interviewed by GRA over the telephone on January 9, 2020, management only became aware of the content on January 15, 2020, when the NIA Release was disseminated. The Company acknowledges that the NIA Release was overly promotional and misleading and it has instructed GRA to end the campaign immediately. On January 22, 2020, the OTC provided the Company with a copy of the NIA email and asked that the Company issue this press release commenting on the Company's promotional efforts in general, the NIA Release in particular, and recent trading activity in the Company's common stock. The Company's share price and trading volume have increased since the beginning of the year. The Company believes that this is an industry-wide trend due primarily to recent news about the use of palladium in catalytic converters in motor vehicles and substantial increases in the price of that commodity during December 2019 and January 2020, and the Company is unable to determine ...