PALADIN ENERGY LTD
ACN 061 681 098
Paladin Energy Limited ('Paladin')
Registration No. ACN 061 681 098 Registered as an external company in Namibia ISIN Code: AU000000PDN8
NSX Share Code: PDN
Paladin completes A$200 Million Placement
Paladin Energy Ltd (Paladin or Company) is pleased to announce that it has completed an institutional placement (Placement) of new fully paid ordinary shares in Paladin (New Shares). The Placement will raise approximately A$200 million (before costs) through the issue of approximately 278 million New Shares at an offer price of A$0.72 per share. The offer price represents:
• 8.9% discount to the last closing price of Paladin shares on ASX of $0.79 on March 30, 2022 (being the last date Paladin shares traded prior to announcement of the Placement); and
• 12% discount to the 5-day volume average weighted price (VWAP) up to and including March 30, 2022.
Proceeds of the Placement, in conjunction with the proposed Share Purchase Plan which seeks to raise up to an additional A$15 million (together the Equity Raise), will be applied to fund the restart of uranium mining operations at the Langer Heinrich Mine, and for working capital expenses and fees.
This announcement has been authorised for release by the Board of Directors of Paladin Energy Ltd.
The full announcement can be found on the company website athttps://wcsecure.weblink.com.au/clients/paladinenergy/headline.aspx?headlineid=61084636
By order of the Board of Directors
Ian Purdy
Chief Executive Officer
1 April 2022
Registered Office Erf 3981B
Extension 10
New Industrial Area Swakopmund Namibia
Sponsor
IJG Securities (Pty) Ltd Member of the NSX
4th Floor, 1@Steps, C/O Grove and Chasie Street, Klein Kuppe P O Box 186, Windhoek, Namibia
Registration No. 95/505
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Disclaimer
Paladin Energy Ltd. published this content on 01 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 April 2022 08:02:01 UTC.