Paladin Energy (ASX:PDN) has raised AU$231 million via a private placement of 31.9 million shares at AU$7.25 per share, according to a Wednesday filing with the Australian bourse.

The company has raised a further AU$36 million through a fully underwritten sale of 4.9 million shares of the company's unit, Paladin Canada, the filing said.

Investment bank Canaccord Genuity also bought 5.5 million shares of the company, for AU$33 million, the filing said.

Settlement of the placement and sale of shares is expected on Sept. 22.