Paladin Energy Limited (ASX:PDN) is out of its two-day trading halt today after raising $68.2 million, just short of its $70 million target.
On Wednesday the uranium miner said the funds will primarily be used to strengthen its balance sheet.
Managing director John Borshoff said the $68.2 million placement would ''provide significant financial flexibility and provide a sound platform for the company to achieve its corporate objectives''.
Paladin Energy Limited (ASX:PDN) reported a net loss of $82.4 million for the first six months of 2011.
