Paladin slumps on share placement

SHARES in Paladin Energy plummeted today after the company announced a heavily discounted $A88 million raising.

Paladin slumps on share placement Paladin slumps on share placement Paladin slumps on share placement Paladin slumps on share placement Paladin slumps on share placement

The move raises $A88 million through the issuing of 125.6 million shares that will rank equally with existing shares.

Shares in the placement were discounted 30% on Paladin’s last ASX closing price.

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