HomeCentral AfricaShares held by Paladin acquired by institutional investors

Shares held by Paladin acquired by institutional investors

Lotus Resources advises that the 90 million shares held by Paladin Energy have been crossed via an institutional book build.

These shares were placed to a range of new and existing institutional shareholder in the United States, Asia and Australia.

Paladin was issued these shares as part consideration for the Company’s acquisition of the Kayelekera Uranium Project. A final deferred share payment of $3 million worth of ordinary shares in Lotus will be paid in March 2023.

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