Oct 2 (Reuters) - Australia's Paladin Energy ( PALAF )

said it has received a notice from a Canadian ministry ordering

a national security review of its acquisition of Canadian

uranium explorer Fission Uranium Corp ( FCUUF ) for C$1.14

billion ($845.51 million).

In June, the Australian uranium producer had announced it

had entered an agreement to acquire Fission Uranium ( FCUUF ) for an

implied equity value of C$1.14 billion, following which shares

of the company would be listed on the Toronto Stock Exchange.

Paladin is awaiting a final court order and clearance under

the Investment Canada Act (ICA) to move ahead with the proposed

acquisition.

The court decision relates to the legal proceedings brought

forward by CGN Mining Company ( CGNMF ), which owns 11.26% stake in

Fission, in relation to opposing the approval for the agreement.

"Accordingly, consideration of the arrangement (propsosed

deal) under the ICA has been extended and remains ongoing," the

company said in a statement on Wednesday.

Paladin said it is considering the Canadian Minister of

Innovation, Science and Industry's notice, exploring its

available options and evaluating the prospects of obtaining ICA

clearance in respect of the deal.

($1 = 1.3483 Canadian dollars)