Paladin taps rebounding equity markets for A$430m, Sigma raises funds for acquisition
Paladin Energy, the uranium miner, launched a share placement worth A$430m ($370m) on Wednesday, becoming the latest company from Australia’s natural resources sector to take advantage of soaring equity markets to raise funding.
Paladin sold 93.45m shares, worth 15% of its existing share capital, at A$4.60 a share, towards the top end of the A$4.45-A$4.70 price range, after an accelerated bookbuild late on Wednesday night.
The target range gave a discount of 4.1%-9.2% to Paladins last traded price of A$4.90 before
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