Khan Resources (CNSX:KRI) Begins Trading on Canadian National Stock Exchange (CNSX) - Video Summary Posted on www.InvestmentPitch.com
(Thomson Reuters ONE) -
Vancouver, British Columbia, May 25, 2012 - Khan Resources (CNSX:KRI) begins
trading on Canadian National Stock Exchange (CNSX).
InvestmentPitch.com has produced a "video news alert" which provides a brief
overview of Khan Resources. If this link is not enabled, please visit
www.InvestmentPitch.com and enter "Khan" in the search box.
Khan Resources Inc. is a Canadian-based company that has interests in certain
uranium properties that are located in the Dornod district of north eastern
Mongolia, a district that contains a number of known uranium deposits. As a
result of certain actions by the Mongolian Government, the Corporation's
interests in the Dornod Properties are uncertain at this time. In January 2011,
the Corporation commenced the International Arbitration process against the
Government of Mongolia and certain of its agencies for actions taken by the
Government to effectively expropriate Khan's licenses.
The company recently closed a private placement of 13.6 million shares at $0.17
per share, for gross proceeds of $2.3 million. The company plans to use these
funds to advance its international arbitration case for $200 million against the
Government of Mongolia and for general corporate purposes.
Khan also holds 15,523,330 common shares and 4,031,665 share purchase warrants
of Macusani Yellowcake Inc., a Canadian exploration company listed on the TSX
Venture Exchange under the symbol "YEL". Macusani trades at $0.185, placing a
value of approximately $2.9 million on the shares held by Khan.
Macusani holds properties and explores for uranium in the Macusani Plateau
district in southern Peru. The Corporation's primary business objective is to
obtain value for its interests in the Dornod Properties and its investment in
Macusani.
The company currently trades at $0.155 and with approximately 68 million shares
outstanding, is capitalized at approximately $10.5 million.
For more information, please visit the company's website at
www.khanresources.com, or phone their President & CEO Grant Edey at
416-360-3405 or email gedey(at)rogers.com.
InvestmentPitch.com is a multimedia company that provides a combined solution
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CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan(at)investmentpitch.com
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Source: InvestmentPitch via Thomson Reuters ONE
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Unternehmensinformation / Kurzprofil:
Datum: 25.05.2012 - 15:54 Uhr
Sprache: Deutsch
News-ID 150293
Anzahl Zeichen: 3557
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