A$174m Recommended Takeover Offer for Valhalla Uranium
Building on its corporate advisory role for Paladin, Azure Capital was engaged to manage the friendly take-over bid for ASX listed Valhalla Uranium Limited (Valhalla). The bid was launched in July 2006 and concluded in October 2006. The acquisition was the first step in Paladin securing a majority stake in the Valhalla & Skal uranium deposits in northern Queensland which form part of the Isa Uranium Joint Venture. Summit Resources, the subject of another Paladin takeover role for Azure, is the other partner to the joint venture.