Khan Mongolia Court Case Postponed
Khan Resources Inc. (TSE:KRI) reports that the Mongolian Capital City Administrative Court has postponed the hearing of a case.
The new date for the hearing has been set for August 2, 2010. The request for postponement was made by the NEA to allow them to change their legal representative and constitutes the second time the NEA has […]
Khan Resources Inc. (TSX:KRI) reports that the Mongolian Capital City Administrative Court has postponed the hearing of a case.
The new date for the hearing has been set for August 2, 2010. The request for postponement was made by the NEA to allow them to change their legal representative and constitutes the second time the NEA has asked for a postponement of the hearings. On July 19, 2010, the Court did rule in favour of Khan’s 58% owned joint venture subsidiary, Central Asian Uranium Company, LLC (“CAUC”), that a similar decision by the NEA to invalidate CAUC’s mining license was itself invalid and illegal. The NEA has the right to appeal the Court’s decision on CAUC’s claim within two weeks of the date of the decision. (See Khan Press Release of July 19, 2010).