Paladin Energy

A$32m Recommended Takeover of NGM Resources

November 2010

As part of its ongoing advisory role for Paladin, Azure was engaged to manage the recommended take-over bid for ASX listed NGM Resources Limited (NGM).

The bid was launched in July 2010 and concluded in November 2010.

The acquisition of NGM added a significant landholding in Niger’s uranium rich Tim Mersoï Basin, a region which has a long history of uranium production and hosts some of the world’s largest and highest grade uranium deposits.

Azure was involved in all aspects of the takeover.