Khan Resources Inc (KHRIF) 0.3848 $KHRIF
Khan Announces Private Placement of Shares
Marketwired - Wed May 13, 7:31AM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) announces that it intends to raise approximately $2,000,000 in a non-brokered private placement by issuing approximately 5,000,000 common shares of the Company at a price of $0.40 per common share.
Khan Posts International Arbitration Award on Its Website
Marketwired - Fri May 08, 6:30AM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) announces that it has posted on its website (www.khanresources.com) the Award on the Merits rendered in favour of Khan by the international arbitration tribunal on March 2, 2015. The Company has also posted on its website the Decision on Jurisdiction also rendered in favour of Khan by the same Tribunal on July 25, 2012. The members of the Tribunal were unanimous in both of the decisions.
Khan Provides a Further Update on International Arbitration Award
Marketwired - Wed Apr 29, 8:37AM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) provides this third update in response to media reports concerning the possible intentions of the Government of Mongolia in respect of the recent arbitration award in Khan's favour, in particular a possible intent to seek its annulment. The Company is not aware of any grounds that would justify the annulment of the award and believes that there would be a minimal chance of success for such an initiative. The award was rendered by a Tribunal consisting of three experienced and well-respected arbitrators, namely Dr. Bernard Hanotiau, the Honourable L. Yves Fortier, and Professor David A. R. Williams QC (as the Presiding Arbitrator). Khan will vigorously contest any such move and would not alter any strategy for enforcement of the award while such annulment process is in progress.
Khan Chairman Jim Doak Passes Away
Marketwired - Fri Apr 24, 6:01AM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) regrets to announce the passing of Jim Doak, its beloved Chairman. Mr Doak passed away at his hotel in Ulaanbaatar awaiting a flight home to Canada following the completion of a second series of meetings with representatives of the Government of Mongolia (See Press Release dated April 23, 2015).
Khan Provides Second Update on International Arbitration Award
Marketwired - Thu Apr 23, 6:01AM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) announces that, consistent with its preferred strategy of reaching an amicable settlement with the Government of Mongolia, a second series of meetings with representatives of the Government has now been completed. These meetings took place in Ulaanbaatar on April 21 and 22, 2015. The Company has repeated its request for full and prompt payment of the award.
Khan Provides Update on International Arbitration Award
Marketwired - Thu Mar 26, 7:02AM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) announced on March 2, 2015 that an international arbitration tribunal had rendered an award to Khan as compensation for the Government of Mongolia's actions in relation to the cancellation of Khan's uranium licenses in 2009. The award is now due from the Government of Mongolia and Monatom LLC. The award consisted of a Base Amount of US$80 million plus interest at LIBOR +2% (compounded annually) from July 1, 2009 to the time of payment. In addition, the Tribunal awarded costs of US$9.1 million in favour of Khan. As of March 31, 2015, the award aggregates to US$103.8 million. Interest is currently accruing at a rate of 2.546% or US$6,485 per day. The Company has tabled the above amount with the Government of Mongolia and has asked for full and prompt payment.
Khan Announces Stock Option Grant
Marketwired - Fri Mar 20, 2:15PM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) announces that a total of 1,775,000 stock options to purchase common shares of Khan were granted to employees, officers and directors on March 19, 2015 at an exercise price of $0.57 per share, expiring on March 19, 2018. Stock options have historically been issued immediately following the Company's Annual General Meeting, this year held on February 26, 2015. In light of an impending award under international arbitration (announced March 2, 2015), the Board of Directors deferred the grant of options until after the announcement of such award.
IIROC Trade Resumption - KRI
CNW Group - Mon Mar 02, 2:07PM CST
Trading resumes in:
Khan Announces US$100 Million International Arbitration Award
Marketwired - Mon Mar 02, 1:54PM CST
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) announces that an international arbitration tribunal, constituted under the UNCITRAL Arbitration Rules, has determined an award of approximately US$100 Million (including interest and costs). The award is given as compensation to Khan for the Government of Mongolia's actions in relation to the cancellation of Khan's uranium licenses in 2009. The award is final and binding and is now due from the Government of Mongolia and Monatom LLC. If settlement is not forthcoming, the Company will initiate collection procedures pursuant to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958), a multilateral treaty to which Mongolia is a signatory.
IIROC Trading Halt - KRI
CNW Group - Mon Mar 02, 10:14AM CST
The following issues have been halted by IIROC:
Khan Files Fiscal Year End 2014 Financial Results
Marketwired - Fri Dec 12, 7:01AM CST
Khan Resources Inc. (CSE: KRI) ("Khan" or "the Company" announced today that it has filed its financial statements and management discussion and analysis for the year ended September 30, 2014 on SEDAR and has posted these documents to its website www.khanresources.com.
Khan Resources: A Special Situations Case For November And December
Felix Pinhasov - at Seeking Alpha - Thu Nov 20, 5:00AM CST
Khan Announces Private Placement of Shares
Marketwired - Wed May 13, 7:31AM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) announces that it intends to raise approximately $2,000,000 in a non-brokered private placement by issuing approximately 5,000,000 common shares of the Company at a price of $0.40 per common share. Khan Posts International Arbitration Award on Its Website
Marketwired - Fri May 08, 6:30AM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) announces that it has posted on its website (www.khanresources.com) the Award on the Merits rendered in favour of Khan by the international arbitration tribunal on March 2, 2015. The Company has also posted on its website the Decision on Jurisdiction also rendered in favour of Khan by the same Tribunal on July 25, 2012. The members of the Tribunal were unanimous in both of the decisions. Khan Provides a Further Update on International Arbitration Award
Marketwired - Wed Apr 29, 8:37AM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) provides this third update in response to media reports concerning the possible intentions of the Government of Mongolia in respect of the recent arbitration award in Khan's favour, in particular a possible intent to seek its annulment. The Company is not aware of any grounds that would justify the annulment of the award and believes that there would be a minimal chance of success for such an initiative. The award was rendered by a Tribunal consisting of three experienced and well-respected arbitrators, namely Dr. Bernard Hanotiau, the Honourable L. Yves Fortier, and Professor David A. R. Williams QC (as the Presiding Arbitrator). Khan will vigorously contest any such move and would not alter any strategy for enforcement of the award while such annulment process is in progress. Khan Chairman Jim Doak Passes Away
Marketwired - Fri Apr 24, 6:01AM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) regrets to announce the passing of Jim Doak, its beloved Chairman. Mr Doak passed away at his hotel in Ulaanbaatar awaiting a flight home to Canada following the completion of a second series of meetings with representatives of the Government of Mongolia (See Press Release dated April 23, 2015). Khan Provides Second Update on International Arbitration Award
Marketwired - Thu Apr 23, 6:01AM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) announces that, consistent with its preferred strategy of reaching an amicable settlement with the Government of Mongolia, a second series of meetings with representatives of the Government has now been completed. These meetings took place in Ulaanbaatar on April 21 and 22, 2015. The Company has repeated its request for full and prompt payment of the award. Khan Provides Update on International Arbitration Award
Marketwired - Thu Mar 26, 7:02AM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) announced on March 2, 2015 that an international arbitration tribunal had rendered an award to Khan as compensation for the Government of Mongolia's actions in relation to the cancellation of Khan's uranium licenses in 2009. The award is now due from the Government of Mongolia and Monatom LLC. The award consisted of a Base Amount of US$80 million plus interest at LIBOR +2% (compounded annually) from July 1, 2009 to the time of payment. In addition, the Tribunal awarded costs of US$9.1 million in favour of Khan. As of March 31, 2015, the award aggregates to US$103.8 million. Interest is currently accruing at a rate of 2.546% or US$6,485 per day. The Company has tabled the above amount with the Government of Mongolia and has asked for full and prompt payment. Khan Announces Stock Option Grant
Marketwired - Fri Mar 20, 2:15PM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) announces that a total of 1,775,000 stock options to purchase common shares of Khan were granted to employees, officers and directors on March 19, 2015 at an exercise price of $0.57 per share, expiring on March 19, 2018. Stock options have historically been issued immediately following the Company's Annual General Meeting, this year held on February 26, 2015. In light of an impending award under international arbitration (announced March 2, 2015), the Board of Directors deferred the grant of options until after the announcement of such award. IIROC Trade Resumption - KRI
CNW Group - Mon Mar 02, 2:07PM CST
Trading resumes in:
Khan Announces US$100 Million International Arbitration Award
Marketwired - Mon Mar 02, 1:54PM CST
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) announces that an international arbitration tribunal, constituted under the UNCITRAL Arbitration Rules, has determined an award of approximately US$100 Million (including interest and costs). The award is given as compensation to Khan for the Government of Mongolia's actions in relation to the cancellation of Khan's uranium licenses in 2009. The award is final and binding and is now due from the Government of Mongolia and Monatom LLC. If settlement is not forthcoming, the Company will initiate collection procedures pursuant to the New York Convention on the Recognition and Enforcement of Foreign Arbitral Awards (1958), a multilateral treaty to which Mongolia is a signatory. IIROC Trading Halt - KRI
CNW Group - Mon Mar 02, 10:14AM CST
The following issues have been halted by IIROC:
Khan Files Fiscal Year End 2014 Financial Results
Marketwired - Fri Dec 12, 7:01AM CST
Khan Resources Inc. (CSE: KRI) ("Khan" or "the Company"
announced today that it has filed its financial statements and management discussion and analysis for the year ended September 30, 2014 on SEDAR and has posted these documents to its website www.khanresources.com. Khan Resources: A Special Situations Case For November And December
Felix Pinhasov - at Seeking Alpha - Thu Nov 20, 5:00AM CST
