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

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

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