Paladin successfully completes A$300M equity raising
Filed with ASX · · 7 pages · English
Summary by 6ix
The funds raised will primarily be used to advance the development of the Patterson Lake South Project towards a final investment decision. The company also plans to offer a non-underwritten Share Purchase Plan to eligible shareholders to raise additional funds.
6ix wrote this summary in English from the company’s filing.
Paladin Energy Ltd (ASX:PDN, TSX:PDN, OTCQX:PALAF) (Paladin or the Company) announces the successful completion of its fully underwritten equity raising, comprising (i) an ~A$231 million ASX institutional placement of new Paladin fully paid ordinary shares (Shares) (ASX Placement), (ii) a Canadian “bought deal” private placement to raise C$30 million (~A$33 million) pursuant to the Listed Issuer F