Khan Resources’ shareholder calls meet on takeover

- April 22nd, 2010

Laramide Resources reports a special meeting is called for with shareholders regarding the introduction of new members to Khan’s board.
On Wednesday, Khan Resources said the NEA’s move to invalidate the mining license of its units would not affect the takeover, and that it challenged the decision in court, sending its shares up as much as 23 […]

Laramide Resources reports a special meeting is called for with shareholders regarding the introduction of new members to Khan’s board.

On Wednesday, Khan Resources said the NEA’s move to invalidate the mining license of its units would not affect the takeover, and that it challenged the decision in court, sending its shares up as much as 23 percent. [ID:nSGE63K0L3]

Earlier this month, CNNC had extended its offer to acquire Khan Resources at 96 Canadian cents per share in cash to May 25.

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