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Paladin Energy Ltd: Takeover Bid by Paladin Energy Ltd for Fusion Resources Limited

  //business-finance.news-articles.net/content/200 .. din-energy-ltd-for-fusion-resources-limited.html
  Published in Business and Finance on Thursday, February 5th 2009 at 7:42 GMT, Last Modified on 2009-02-05 07:43:04 by Market Wire
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PERTH, WESTERN AUSTRALIA--(Marketwire - Feb. 5, 2009) - Paladin Energy Ltd ("Paladin" or "the Company") (TSX:PDN)(ASX:PDN) today declared its takeover offer for Fusion Resources Limited (ASX:FSN)(TSX:FNS) ("Fusion") free of all remaining conditions (see Paladin announcement of December 2, 2008.). The takeover is scheduled to close at 5.00pm (WDT/Australia) on February 12, 2009 and will not be extended. The offer is now unconditional. Paladin in now entitled, and intends to proceed, to compulsorily acquire the remaining Fusion shares on issue.

Paladin received a strong flow of acceptances from Fusion shareholders and the acquisition represents a significant step forward in Paladin's growth strategy. Paladin welcomes the Fusion shareholders onto its register and trusts that they will benefit from its strong portfolio of projects.