10:39 AM EST - Paladin Resources Ltd. : said Thursday that it intends to raise the takeover bid for Summit Resources Ltd. Shareholders of Summit would now receive 1 Paladin share for every 1.67 Summit shares. The company's shareholders who have already accepted the offer will automatically be entitled to the increased consideration and the offer period will automatically be extended by 14 days to 27th April 2007. Paladin Resources Ltd.
shares T.PDN are trading down 22 cents at $9.26.
