Paladin Energy (ASX:PDN) shareholding in NGM Resources (ASX:NGM) has increased to 50.52%, or 91,156,561 fully paid ordinary shares as at September 16 2010, up from 48.47% a day earlier.
The one day change is Paladin now holds an extra 3.7 million, or 2.05% more of the total outstanding NGM ordinary shares than on September 15 2010.
The directors of NGM Resources unanimously recommended that shareholders accept the Paladin offer, in the absence of a superior proposal.
The offer closes at 5.00 pm (AWST) on 8 October 2010, unless extended or withdrawn.