Paladin Energy Ltd
TSX : PDN
ASX : PDN

Paladin Energy Ltd

February 17, 2009 06:02 ET

Paladin Energy Ltd: Compulsory Acquisition of Outstanding Fusion Shares

PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 17, 2009) - Paladin Energy Ltd ("Paladin" or "the Company")(TSX:PDN)(ASX:PDN) today declared its takeover offer for Fusion Resources Limited (TSX:FNS)(ASX:FSN), refers to the Company's off-market takeover bid for all of the fully paid ordinary shares in Fusion Resources Limited ("Fusion") contained in its bidder's statement dated 17 December 2008 (as supplemented by a supplementary bidder's statement dated 19 December 2008), (together, the "Bidder's Statement").

Earlier today (February 16, 2009) Paladin commenced the process for compulsorily acquiring the outstanding Fusion shares.

Attached by way of service pursuant to paragraph 661B(1)(d) of the Corporations Act 2001 (Cth) is a copy of a compulsory acquisition notice (ASIC Form 6021), which was lodged at ASIC today, and a copy of the letter being despatched to the remaining Fusion shareholders.

Yours faithfully

Paladin Energy Ltd

JOHN BORSHOFF, Managing Director/CEO

Please note: To view the "ASIC Form 6021" and the "Letter sent to Fusion shareholders," please visit the following link:

http://media3.marketwire.com/docs/pdnform217.pdf.

Contact Information

  • Paladin Energy Ltd
    John Borshoff
    Managing Director
    +61-8-9381-4366 or Mobile: +61-419-912-571
    or
    Paladin Energy Ltd
    Greg Taylor
    Investor Relations Contact
    (905) 337-7673 or Mobile: (416) 605-5120 (Toronto)
    Email: greg.taylor@paladinenergy.com.au