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Paladin Energy Ltd. — Capital/Financing Update 2021
May 11, 2021
45616_rns_2021-05-11_d88cae43-4036-4671-a8d1-d99b57bb8aad.pdf
Capital/Financing Update
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ASX Announcement 12 May 2021
Cancellation of Senior Secured Notes
Paladin Energy Limited (ASX:PDN) ( Paladin or the Company ) is pleased to advise that following completion of its recent equity raising, Paladin has now successfully completed the cancellation of all of the senior secured notes that were previously on issue.
The cancellation of the senior notes completes the reset of Paladin’s capital structure and significantly improves the Company’s financial flexibility in the lead up to any decision to restart uranium mining operations at the Langer Heinrich mine.
This release has been authorised for release by the Board of Directors of Paladin Energy Ltd.
For further information contact: Ian Purdy Chief Executive Officer P: +61 8 9423 8117 E: [email protected]
About Paladin
Paladin Energy Limited (ASX: PDN) is an Australian listed uranium company focused on maximising the value of its 75% stake in the Langer Heinrich Uranium mine in Namibia.
Langer Heinrich is a globally significant, long-life operation, having already produced over 43Mlb U3O8 to date. Operations at Langer Heinrich were suspended in 2018 due to low uranium prices.
Beyond Langer Heinrich, the Company also owns a large global portfolio of uranium exploration and development assets. Nuclear power remains a cost-effective, low carbon option for electricity generation.