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Action To Annul Two Agreements For The Sale of Shares of Uranor inc. and Omégalpha inc.

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Areva Est Canada and Orano Mining

We are acting for Areva Est Canada and Orano Mining in an action to annul two agreements (of a value of more than CAD50 million) with respect to the sale of shares of Uranor inc., a corporation which held uranium mining claims in the north of Québec, and Omégalpha inc., a corporation which conducted mining exploration activities for Uranor in Québec, following the discovery that one of Orano Mining's employees involved in the negotiation of the agreements illegally received a substantial amount of over CAD17 million. Areva Est and Orano Mining would have never entered into the agreements had they known this illicit payment.

The facts of this case go back more than a decade, which adds an additional challenge to the mandate. Two weeks ago, the plaintiffs filed a motion to declare the defendants ineligible, alleging breaches of ethics in defence.

A Fasken team composed of Eric Simard, Stéphanie Lavallée, Francois Barette, Charlie Marineau and Nikolas-Karl Perreault acted for Areva Est Canada and Orano Mining in connection with this case.



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