Deal funds international arbitration case against Mongolian government
By Devika Patel
Knoxville, Tenn., Sept. 9 - Khan Resources Inc. said it will conduct a C$1.19 million non-brokered private placement of stock.
The company will sell 7 million common shares at C$0.17 apiece. The price per share is a 10.53% discount to the Sept. 6 closing share price of C$0.19.
Proceeds will be used to advance the company's C$326 million international arbitration case against the Government of Mongolia and for general corporate purposes.
Toronto-based Khan is a uranium exploration, acquisition and production company.
| Issuer: | Khan Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$1.19 million
|
| Shares: | 7 million
|
| Price: | C$0.17
|
| Warrants: | No
|
| Agent: | Non-brokered
|
| Pricing date: | Sept. 9
|
| Stock symbol: | CNSX: KRI
|
| Stock price: | C$0.19 at close Sept. 6
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
