PERTH, WESTERN AUSTRALIA — (Marketwired) — 11/19/13 — Paladin Energy Ltd (TSX: PDN)(ASX: PDN) („Paladin“ or the „Company“) is pleased to announce that it has today finalised an agreement with John Borshoff for him to continue in the position of Managing Director and Chief Executive Officer until 31 December 2014, with an option for the parties to agree (having regard to agreed performance objectives) for a further 1 or 2 years. The Board recognises the vital importance of Mr Borshoff-s contribution to the current and continuing strategic negotiations concerning a Langer Heinrich minority interest sale and debt reduction.
A summary of the material terms on which Mr Borshoff will be employed is set out below:
Contacts: 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)
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