PERTH, WESTERN AUSTRALIA--(Marketwired - November 10, 2016) - Paladin Energy Ltd (Paladin or the Company) (
The definitive agreements contemplated in the non-binding term sheet for the potential sale of a 24% interest in LHM have not yet been executed with the result that it is no longer likely that the transaction will close by the end of the fourth quarter of CY2016. Discussions with COUH are ongoing.
The sale of an interest in Manyingee is now expected to close late in the first quarter of CY2017 or early in the second quarter of CY2017.
Yours faithfully,
Paladin Energy Ltd
ALEXANDER MOLYNEUX
CEO
ACN 061 681 098
Contact Information:
For additional information, please contact:
Andrew Mirco
Investor Relations Contact (Perth)
Tel: +61-8-9423-8162
Mobile: +61-409-087-171
Email: andrew.mirco@paladinenergy.com.au