Paladin Energy Bid for NGM Resources Ltd-Extension of Offer Period

Paladin Energy Ltd (TSE:PDN, ASX:PDN)  reports an update for the bid for NGM Resources. On 8 October 2010, the Takeovers Panel declared that Paladin’s purported reliance on the non-fulfilment of the above conditions constituted unacceptable circumstances. Details of the Panel’s declaration is contained in its media release dated 8 October 2010. For complete news release, click here.