Khan Resources (CNSX:KRI) Begins Trading on Canadian National Stock Exchange (CNSX)
Khan Resources (CNSX:KRI) Begins Trading on Canadian National Stock Exchange (CNSX) - Video Summary Posted on www.InvestmentPitch.com
* Reuters is not responsible for the content in this press release.
Fri May 25, 2012 9:55am EDT
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@rogers.com.
InvestmentPitch.com is a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals. InvestmentPitch.com specializes in producing short three minute videos based on significant news releases and research reports. InvestmentPitch is currently raising $500,000 from the sale of 5 million units at $0.10, by way of an offering memorandum. For more information email bmorgan@investmentpitch.com.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com
* Reuters is not responsible for the content in this press release.
Fri May 25, 2012 9:55am EDT
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@rogers.com.
InvestmentPitch.com is a multimedia company that provides a combined solution for creating and hosting financial video content, and distributing it across multiple platforms to investors and financial professionals. InvestmentPitch.com specializes in producing short three minute videos based on significant news releases and research reports. InvestmentPitch is currently raising $500,000 from the sale of 5 million units at $0.10, by way of an offering memorandum. For more information email bmorgan@investmentpitch.com.
CONTACT:
InvestmentPitch.com
Barry Morgan, CFO
604-684-5524
bmorgan@investmentpitch.com
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