in depth appraisal , page-3

Hhahahhahah swissboy.. you are good.

create the suspense then "boom!!!!"




this the beginning of the Mergers and acquisition by PDN.
lots starting to heat up
BKY
MRU
NGM


Paladin Energy To Buy Uranium Assets Of Aurora Energy Resources - Quick Facts
12/17/2010 6:01 AM ET

http://www.rttnews.com/Content/QuickFacts.aspx?Id=1509520&SM=1

(RTTNews) - Paladin Energy Ltd (PDN.TO) said it has initiated its uranium business in Canada and entered into a Definitive Agreement for the purchase of the uranium assets of Aurora Energy Resources Inc., a wholly owned subsidiary of Fronteer Gold (FRG: News ,FRG.TO: News ).

The consideration for 100% ownership amounts to C$260.87 million through the issuance of 52,097,937 shares in Paladin. This values the current resources at US$1.90/lb.

John Borshoff, Managing Director and CEO of Paladin commented: "The acquisition of the Aurora assets provides Paladin with entry into a major global uranium district and gives us a solid basis to further the considerable achievements we have already attained in establishing new uranium mine supply."

Completion of the transaction is subject to certain customary conditions, including the receipt of all necessary government and regulatory approvals, including the approval of the TSX and third party consents and is expected to close in February 2011.

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by RTT Staff Writer

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