Dr. Jim Buckee, President and Chief Executive Officer of Talisman, said: "We now own or have received acceptances representing 73.26% of Paladin's existing issued share capital. The acquisition process has run efficiently and quickly. Our priorities now are to ensure smooth continuity of operations and to integrate Paladin's assets into Talisman's portfolio so that we can realize the full potential of the combined businesses."
The offer will remain open for acceptance until further notice. Payment for shares already tendered is expected to occur on or about December 2, 2005 in accordance with UK practices and procedures.
The offer is not being made, directly or indirectly, in or into Canada, the United States, Australia or Japan or in any other jurisdiction in which the offer is or would be unlawful under the laws of that jurisdiction.
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