General Announcement::USD20M Deposit Released from Escrow, Langer Heinrich Namibia

Issuer & Securities

Issuer/ Manager
PALADIN ENERGY LTD
Securities
PALADIN US$274M6%CB170430 - XS0775195562 - 2CKB

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
01-May-2014 14:14:48
Status
New
Announcement Sub Title
USD20M Deposit Released from Escrow, Langer Heinrich Namibia
Announcement Reference
SG140501OTHR9CVZ
Submitted By (Co./ Ind. Name)
Paladin Energy Ltd
Designation
Felicity Evans
Effective Date and Time of the event
16/04/2014 17:00:00
Description (Please provide a detailed description of the event in the box below)
Further to the announcement made 20 January 2014 advising the sale of a 25 percent minority interest in Langer Heinrich to China National Nuclear Corporation (CNNC) for USD190M, Paladin is pleased to advise that the conditions required to allow release of the escrowed USD20M non-refundable deposit have been satisfied. The escrow agent has forwarded these funds to Paladin s account.

Attachments

14.04.16_USD20M_Deposit_Released_from_Escrow_Langer_Heinrich_Namibia.pdf
Total size =26K