Free Submission Public Relations &
Deutsch English


Paladin Energy: Final Tranche of US$150M Received Long Term Off-Take Contract With A US$200M Prepayment

Print article Print article
© Marketwire 2013
2013-01-31 14:24:35 -

PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 01/31/13 -- Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) notes that, on 15 August 2012, the Company advised the successful negotiation of a milestone long term off-take uranium sales contract with Electricite de France S.A. (EDF) the largest nuclear utility in the world. Importantly this sales contract requiring product deliveries from 2019 to 2024 included a US$200M prepayment component to be paid in tranches before 31 January 2013. The first tranche of US$50M was paid in September 2012.

Paladin is pleased to announce that, in accordance with the payment schedule agreed with EdF, the final tranche of US$150M has been received.

As advised previously, these funds will be used to repay the balance of the March 2012 convertible bonds (US$134M) with the remainder retained for balance sheet strength as working capital.

ACN 061 681 098


Paladin Energy Ltd

John Borshoff

Managing Director/CEO

+61-8-9381-4366 or Mobile: +61-419-912-571 :

Paladin Energy Ltd

Greg Taylor

Investor Relations Contact

+1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto) : .. width="1" height="1" alt=" " border="0" />

Press Information:

Contact Person:

Disclaimer: (c) 2014 Market Wire. All of the press releases contained herein are protected by copyright and other applicable laws, treaties and conventions. Information contained in the releases is furnished by Market Wire's, who warrant that they are solely responsible for the content, accuracy and originality of the information contained therein. All reproduction, other than for an individual user's personal reference, is prohibited without prior written permission.
Latest News
Read the Latest News


Terms & Conditions | Privacy | About us | Contact | BidVertiser