PERTH, Western Australia, June 3 /PRNewswire-FirstCall/ -- Paladin Resources Ltd (TSX/ASX: PDN) ("Paladin" or the "Company") is pleased to announce that, effective on the close of trading on June 17th, 2005, the Company will form part of the Standard and Poor's ("S&P") and Australian Stock Exchange ("ASX") 200 Index. Paladin only became part of the S&P / ASX 300 index three months earlier, on March 18th.
This benchmark, which reflects the Australian-based resource Company's increased market capitalization and the liquidity of trading in its Common Shares on the ASX, is a significant milestone in Paladin's increasing value.
"We are very pleased to have achieved this benchmark," said John Borshoff, the Company's founder and Managing Director, "not only because it highlights the value of our shares on the Australia exchange, but also because it reflects the transition that we are making from being a uranium explorer today to the producer we will become in 2006."
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