Paladin Energy: Final Tranche of US$150M Received

Paladin Energy: Final Tranche of US$150M Received 
Long Term Off-Take Contract With A US$200M Prepayment 
PERTH, WESTERN AUSTRALIA -- (Marketwire) -- 01/31/13 -- Paladin
Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) notes
that, on 15 August 2012, the Company advised the successful
negotiation of a milestone long term off-take uranium sales contract
with Electricite de France S.A. (EDF) the largest nuclear utility in
the world. Importantly this sales contract requiring product
deliveries from 2019 to 2024 included a US$200M prepayment component
to be paid in tranches before 31 January 2013. The first tranche of
US$50M was paid in September 2012. 
Paladin is pleased to announce that, in accordance with the payment
schedule agreed with EdF, the final tranche of US$150M has been
As advised previously, these funds will be used to repay the balance
of the March 2012 convertible bonds (US$134M) with the remainder
retained for balance sheet strength as working capital. 
ACN 061 681 098
Paladin Energy Ltd
John Borshoff
Managing Director/CEO
+61-8-9381-4366 or Mobile: +61-419-912-571 
Paladin Energy Ltd
Greg Taylor
Investor Relations Contact
+1 905 337-7673 or Mobile: +1 416-605-5120 (Toronto)
Press spacebar to pause and continue. Press esc to stop.