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    Paladin’s $69M Equity Raise Prompts Price Target Slash

    Investing News Network
    Sep. 29, 2011 10:53PM PST
    Energy Investing

    FP reported on Paladin Energy (ASX:PDN) moved to raise $69 million through private placement

    FP reported on Paladin Energy (ASX:PDN) moved to raise $69 million through private placement.

    The market news is quoted as saying:

    The Perth, Australia-based uranium producer said Wednesday it had completed the financing through the issue of 56.9 million shares at $1.22 each.

    Raymond James Ltd, analyst, Bart Jaworski said:

    “We are surprised Paladin would issue equity at such dilutive levels.”

    Click here to access the complete news.

     

    asx:pdnaustraliaprivate placementbart jaworskipaladin energy
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