Who are these "accredited investors"???
Surely ASIC can line up the dots between the shorters and these guys?
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PALADIN Energy, which owns the Langer Heinrich uranium mine in Namibia, today said it completed a $68.2 million placement of shares with institutional and accredited investors.
The placement was priced at $1.20 a share, representing an 8.4 per cent discount to the company's last closing price on the Australian Securities Exchange, Paladin Energy said.
RBC Capital Markets and UBS AG handled the placement.
Paladin's chief executive, John Borshoff, said: "We believe today's raising, together with future operational cash flows and proceeds from our current strategy to monetise certain non-producing assets, will provide significant financial flexibility and a sound platform for the company to achieve its corporate objectives."
http://www.theaustralian.com.au/business/mining-energy/successful-placement-delivers-financial-flexibility-says-ceo-borshoff/story-e6frg9df-1226151235399
Who are these "accredited investors"???Surely ASIC can line up...
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