| Paladin Energy Ltd.: Adjustment of Conversion Price of Convertible Bonds | |
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PERTH, WESTERN AUSTRALIA--(Marketwired - Dec 17, 2014) - Paladin Energy Ltd (PDN.TO)(PDN.AX) ("Paladin" or the "Company") today announced an adjustment of the Conversion Price in connection to the US$300 M convertible bonds due November 4, 2015 and the US$274 M convertible bonds due April 30, 2017 (together the "Bonds.") Pursuant to the terms of the Bonds, the prevailing Conversion Price is subject to adjustment where any new issue of shares is at less than 95% of the Current Market Price. Following the completion of the Entitlement Offer on December 17, 2014, the Conversion Price has been adjusted as follows: - Convertible bonds due 2015: US$4.6880 (previously US$5.403)
- Convertible bonds due 2017: US$1.8300 (previously US$2.109)
Further details of the Bonds, including definitions of terms, can be found in the Convertible Bond Disclosure Notice, released on November 4, 2010 and April 30, 2012 respectively. ACN 061 681 098
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Paladin Energy Limited
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PRODUCER |
CODE : PDN.AX |
ISIN : AU000000PDN8 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Paladin Energy Ltd is a gold and copper development stage company based in Australia. Paladin Energy Ltd produces gold, copper, uranium in Malawi and in Namibia, develops uranium in Canada, and holds various exploration projects in Australia. Its main assets in production are LANGER HEINRICH in Namibia and KAYELEKERA in Malawi, its main asset in development is MICHELIN in Canada and its main exploration properties are ANGELA/PAMELA, OOBAGOOMA, SKAL, VALHALLA, BIGRLYI, MANYINGEE, MT LOFTY and SICCUS in Australia and NASH, JACQUES LAKE and RAINBOW LAKE in Canada. Paladin Energy Ltd is listed in Australia, in Canada and in Germany. Its market capitalisation is AU$ 23.5 billions as of today (US$ 15.3 billions, € 14.3 billions). Its stock quote reached its lowest recent point on March 20, 2020 at AU$ 0.04, and its highest recent level on April 24, 2024 at AU$ 13.72. Paladin Energy Ltd has 1 712 839 936 shares outstanding. |