Thursday, Paladin Energy Ltd. (PDN.TO) announced that it has reached an agreement to resolve its dispute with Areva NC (Australia) Pty Ltd. The settlement is subject to certain conditions precedent, the company said.
Paladin said it is very pleased with the settlement as (if the settlement becomes unconditional) it resolves the dispute with Areva, and thereby paves the way for Paladin and Areva to work cooperatively as shareholders of Summit Resources Ltd; and effectively brings to an end the proceedings described in Summit Resources Limited's announcement of today.
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