BRIEF-Paladin Energy resolves to arbitrate against CNNC Overseas Uranium Holdings

Reuters

23 March 2017 at 6:15 am

March 23 (Reuters) - Paladin Energy Ltd * Paladin resolves to commence arbitration proceedings against CNNC Overseas Uranium Holdings * resolved to commence arbitration proceedings against CNNC to seek orders and declarations accordingly. * fair value determination process depends on CNNC establishing that an 'event of default' has occurred under lhm shareholders agreement * has taken significant steps to progress restructure proposal in order to achieve successful solvent restructure * on 9 March 2017 received notice from CNNC requesting that co commence a process to determine fair market value of co's share of LHM Source text for Eikon: Further company coverage:

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