EDITOR: | June 30th, 2014

Paladin Energy Ltd: Sale of Minority Interest in Langer Heinrich

| June 30, 2014 | No Comments

June 30, 2014 (Source: Marketwired) — Paladin Energy Ltd (TSX:PDN)(ASX:PDN) (“Paladin” or the “Company”) is pleased to advise that China Uranium Corporation Limited (a subsidiary of China National Nuclear Corporation – CNNC) has today notified the Company that it has received all required regulatory approvals and has satisfied the conditions precedent for the completion of the US$190M purchase of the 25% joint venture interest in the Langer Heinrich Mine in Namibia.

Settlement will take place on July 23, 2014 and a high level CNNC delegation will be in attendance in Perth for the signing/settlement ceremony. The company nominated by China Uranium Corporation Limited as the party to the transaction is CNNC Overseas Uranium Holding Limited.

Raj Shah


Raj Shah has professional experience working for over a half a dozen years at financial firms such as Merrill Lynch and First Allied Securities Inc., ... <Read more about Raj Shah>

Copyright © 2018 InvestorIntel Corp. All rights reserved. More & Disclaimer »

Leave a Reply

Your email address will not be published. Required fields are marked *