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

Published 23/03/2017, 09:15 pm
© Reuters.  BRIEF-Paladin Energy resolves to arbitrate against CNNC Overseas Uranium Holdings
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March 23 (Reuters) - Paladin Energy Ltd PDN.AX

* 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: ID:nASX47VKZH Further company coverage: PDN.AX

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