Shares of Renergen (ASX:RLT) rose 9% in recent Tuesday trade after it said in a late Monday filing that it settled all legal disputes with Springbok Solar power plant.
Under the agreement, the parties have defined clear protocols and have agreed to allow both the Virginia Gas project and the Springbok Solar project to operate within the designated area, the filing said.
The company's unit Tetra4 will keep exclusive rights under a production right in areas outside the agreed boundary of the project, the filing added.