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BRIEF-Paladin Energy Ltd received notice from Électricité De France

Published 2016-12-27, 04:55 p/m
© Reuters.  BRIEF-Paladin Energy Ltd received notice from Électricité De France
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Dec 28 (Reuters) - Paladin Energy Ltd PDN.AX

* Received a notice from Électricité De France regarding EDF's US$200M pre-payment under long term off-take contract between EDF (PA:EDF) and Paladin

* EDF has informed co of its view that that value of additional security proposed by Paladin is less than value required by off-take contract

* EDF has requested security for pre-payment in addition to its existing security over 60.1% of Michelin (PA:MICP) Project In Canada

* Paladin has considered EDF's response and does not agree with edf's position

* EDF long term off-take contract update-pdn.ax Source text for Eikon: Further company coverage: PDN.AX

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