Khan Resources Inc (KHRIF) 0.5537 $KHRIF
Khan Resources Inc.: Bloomberg Reports That US$100M International Arbitration Award Will Be Paid
Marketwired - Fri Jun 26, 2:23PM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) reports in respect of the March 2, 2015 international arbitration award in favour of Khan, Mongolian Prime Minister Saikanbileg stated that "we're not ignoring, we're respecting. We will comply." The Prime Minister's statement was in response to a Bloomberg News question during an exclusive interview in New York today. At the current time, the award aggregates to approximately US$104 million. Khan confirms that has not yet received any direct communication from Mongolia on this matter.
Khan Files for Confirmation of Its Award in the United States
Marketwired - Mon Jun 15, 7:02AM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) reports that on June 12, 2015 it filed a petition for confirmation of its international arbitration award in the US District Court in the District of Columbia. The award was rendered in favour of Khan by a senior and well-respected international arbitration tribunal on March 2, 2015 after over four years of consideration. The award is compensation to Khan for the Government of Mongolia's illegal actions in relation to the cancellation and expropriation of Khan's uranium licenses in 2009. 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 plus costs of US$9.1 million. As at the time of filing, the award aggregates to US$104,289,162.95.
Khan Completes Second and Final Tranche of Private Placement of Shares
Marketwired - Tue Jun 02, 9:02PM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) is pleased to announce that it has closed the second and final tranche of its private placement of common shares (the "Offering" announced on May 15, 2015 and the closing of the first tranche announced on May 29, 2015. The Company received aggregate gross proceeds for the private placement of $2,000,000 and issued 5,000,000 common shares at a price of $0.40 per common share. No fees or commissions were paid as part of the financing. On closing the second tranche, Khan issued 900,000 common shares for gross proceeds of $360,000. The common shares issued pursuant to the second tranche of the Offering are subject to usual resale restrictions until October 3, 2015.
Khan Completes Private Placement of Shares
Marketwired - Fri May 29, 8:06PM CDT
Khan Resources Inc. ("Khan" or the "Company" (CSE: KRI) is pleased to announce that it has closed the first tranche of its private placement of common shares (the "Offering" announced on May 15, 2015. Closing of the first tranche of the Offering resulted in the issuance of 4,100,000 common shares at a price of $0.40 per common share for gross proceeds of $1,640,000. The common shares issued are subject to usual resale restrictions until September 30, 2015. No fees or commissions were paid as part of the financing. The Company expects the second and final tranche of the Offering to close shortly.
Khan Files Second Quarter 2015 Financial Results
Marketwire Canada - Fri May 22, 12:52PM CDT
Khan Resources Inc. (CSE:KRI) ("Khan" or "the Company" announced today that it has filed its financial statements and management's discussion and analysis for the six months ended March 31, 2015 on SEDAR and has posted these documents to its website www.khanresources.com.
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 Resources Inc.: Bloomberg Reports That US$100M International Arbitration Award Will Be Paid
Marketwired - Fri Jun 26, 2:23PM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) reports in respect of the March 2, 2015 international arbitration award in favour of Khan, Mongolian Prime Minister Saikanbileg stated that "we're not ignoring, we're respecting. We will comply." The Prime Minister's statement was in response to a Bloomberg News question during an exclusive interview in New York today. At the current time, the award aggregates to approximately US$104 million. Khan confirms that has not yet received any direct communication from Mongolia on this matter. Khan Files for Confirmation of Its Award in the United States
Marketwired - Mon Jun 15, 7:02AM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) reports that on June 12, 2015 it filed a petition for confirmation of its international arbitration award in the US District Court in the District of Columbia. The award was rendered in favour of Khan by a senior and well-respected international arbitration tribunal on March 2, 2015 after over four years of consideration. The award is compensation to Khan for the Government of Mongolia's illegal actions in relation to the cancellation and expropriation of Khan's uranium licenses in 2009. 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 plus costs of US$9.1 million. As at the time of filing, the award aggregates to US$104,289,162.95. Khan Completes Second and Final Tranche of Private Placement of Shares
Marketwired - Tue Jun 02, 9:02PM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) is pleased to announce that it has closed the second and final tranche of its private placement of common shares (the "Offering" announced on May 15, 2015 and the closing of the first tranche announced on May 29, 2015. The Company received aggregate gross proceeds for the private placement of $2,000,000 and issued 5,000,000 common shares at a price of $0.40 per common share. No fees or commissions were paid as part of the financing. On closing the second tranche, Khan issued 900,000 common shares for gross proceeds of $360,000. The common shares issued pursuant to the second tranche of the Offering are subject to usual resale restrictions until October 3, 2015. Khan Completes Private Placement of Shares
Marketwired - Fri May 29, 8:06PM CDT
Khan Resources Inc. ("Khan" or the "Company"
(CSE: KRI) is pleased to announce that it has closed the first tranche of its private placement of common shares (the "Offering" announced on May 15, 2015. Closing of the first tranche of the Offering resulted in the issuance of 4,100,000 common shares at a price of $0.40 per common share for gross proceeds of $1,640,000. The common shares issued are subject to usual resale restrictions until September 30, 2015. No fees or commissions were paid as part of the financing. The Company expects the second and final tranche of the Offering to close shortly. Khan Files Second Quarter 2015 Financial Results
Marketwire Canada - Fri May 22, 12:52PM CDT
Khan Resources Inc. (CSE:KRI) ("Khan" or "the Company"
announced today that it has filed its financial statements and management's discussion and analysis for the six months ended March 31, 2015 on SEDAR and has posted these documents to its website www.khanresources.com. 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. 
