Khan expands lawsuit in Mongolia

Khan Resources reports setting international arbitration proceedings against the government of Mongolia.

The company said it has retained a Washington, D.C. law firm in a bid to recover damages and pursue other remedies.

Khan said it has taken this action in the belief that it has a strong case and intends to seek a substantial damages award, reflecting the significant value that the company has created in the Dornod uranium project as shown by a feasibility study completed in March 2009.

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