Paladin Energy Ltd successfully completes A$68.2m/C$69.2M institutional placement of shares
Paladin Energy Ltd (TSX:PDN)(ASX:PDN) ("Paladin" or the "Company") has completed the bookbuild for a private placement to institutional and accredited investors of 56.9M ordinary shares (representing 7.3% of Paladin's existing issued capital) to raise approximately A$68.2M/C$69.2M.
The placement was priced at A$1.20 (C$1.22) per share which represents a 8.4% discount to Paladin's last closing price on ASX. The new shares will rank equally with existing shares.
RBC Capital Markets and UBS AG, Australia Branch acted as Global Joint Lead Placing Agents to the placement.