Paladin Energy Opens AU$20 Million Share Purchase Plan; Shares Fall 3%

MT Newswires Live

09/25

Paladin Energy (ASX:PDN) has opened its share purchase plan to raise AU$20 million, according to a Thursday filing with the Australian bourse.

Funds raised will be used for working capital and for further exploration, the filing said.

The offer is set to close on Oct. 9, the filing said.

Shares of the company fell nearly 3% in recent Thursday trade.

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