Paladin Energy-Settlement of Areva Proceedings

Paladin Energy Ltd (TSX:PDN,ASX:PDN) reports an agreement is reached to resolve dispute with Areva NC (Australia) Pty Ltd.

The press release is quoted as saying:

As part of the settlement arrangements, Paladin will pay $3,950,000 to Areva in consideration for the transfer to Paladin of all of Areva’s rights under the Strategic Alliance agreement between Areva and the Summit entities.

Click here to access the entire news release.

Click here to access Paladin’s company website.