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Areva backs Berkeley's Spanish pursuits

BERKELEY Resources has received the backing of leading uranium producer Areva NC to explore and develop the Australian junior's uranium projects in Spain in exchange for about $A2.35 million in shares and $7.42 million in options.

Michael Vaughan

The shares issue leaves Areva with a 5.8% stake in Berkeley and if the French company chooses to exercise its options, and all other options on issue are also exercised, Areva will be left with about 14%...

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