Molyneux looks set to swap decimated Paladin for Paradise

WITH Paladin Energy now in the hands of administrators, that company’s CEO Alex Molyneux has popped up as chairman at recapitalising Crater Gold Mining, a Papua New Guinea gold junior that has lofty ambitions as the set-to-be-renamed Paradise Gold Mining.

Molyneux looks set to swap decimated Paladin for Paradise Molyneux looks set to swap decimated Paladin for Paradise Molyneux looks set to swap decimated Paladin for Paradise Molyneux looks set to swap decimated Paladin for Paradise Molyneux looks set to swap decimated Paladin for Paradise

Crater is raising up to A$15-16 million in new equity to deal with debt of $7.6 million and to undertake exploration and potential production.