|By Marketwired .||
|June 30, 2014 06:47 AM EDT||
PERTH, WESTERN AUSTRALIA -- (Marketwired) -- 06/30/14 -- Paladin Energy Ltd (TSX: PDN)(ASX: PDN) ("Paladin" or the "Company") is pleased to advise that China Uranium Corporation Limited (a subsidiary of China National Nuclear Corporation - CNNC) has today notified the Company that it has received all required regulatory approvals and has satisfied the conditions precedent for the completion of the US$190M purchase of the 25% joint venture interest in the Langer Heinrich Mine in Namibia.
Settlement will take place on July 23, 2014 and a high level CNNC delegation will be in attendance in Perth for the signing/settlement ceremony. The company nominated by China Uranium Corporation Limited as the party to the transaction is CNNC Overseas Uranium Holding Limited.
ACN 061 681 098