05:10 PM EST - Paladin Energy Ltd : announced that it has today launched an offering to raise up to $300M of senior, unsecured convertible bonds due 2015. The proceeds of the issue will be used to fund Paladin's concurrent tender offer to acquire any and all of its $250M issue of convertible bonds due in December 2011, with any amount not applied to the Tender Offer being utilised to fund in part the proposed expansion of the Langer Heinrich Mine and to pursue future growth opportunities. Paladin Energy Ltd
shares T.PDN are trading down $.01 at $4.39.
