June 20 (Reuters) - North American Palladium Ltd PDL.TO
* North American Palladium signs option agreement for the sunday lake project and commences new exploration strategy
* North American Palladium Ltd - signing of a definitive option agreement with Impala Platinum Holdings Limited and Transition Metals Corp
* North American Palladium -agreement provides co with exclusive right to acquire 75% ownership position in Sunday Lake project located near thunder bay
* North American Palladium Ltd - commenced implementation of a new exploration strategy, as part of its overall business plan
* North American Palladium Ltd - new exploration strategy features up to $10 million of annual exploration spending over next three years
* North American Palladium -deal for cumulative cash payment of $3.5 million, completing minimum $4.5 million in qualified expenditures over 5-year staged earn-in period Source text for Eikon: ID:nCCNcR6Dda Further company coverage: PDL.TO