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Khan Resources (TSE:KRI) reports it wins its second court case.
As previously announced in April 2010, both CAUC and Khan Mongolia received notices from the NEA purporting to invalidate their licenses relating to the Dornod Uranium Project effective as of October 8, 2009, based on unspecified violations of Mongolian law. Subsequently, each of CAUC and Khan Mongolia […]
Khan Resources (TSX:KRI) reports it wins its second court case.
As previously announced in April 2010, both CAUC and Khan Mongolia received notices from the NEA purporting to invalidate their licenses relating to the Dornod Uranium Project effective as of October 8, 2009, based on unspecified violations of Mongolian law. Subsequently, each of CAUC and Khan Mongolia filed and pursued separate formal claims in the Court challenging the legal basis for the NEA’s notices. The NEA has the right to appeal the Court’s decisions on CAUC by Aug 9, 2010 and on Khan Mongolia by Aug 23, 2010. Khan continues to believe that it and its Mongolian subsidiaries have always operated in compliance with applicable Mongolian laws. As such, any appeal of the Court decisions by the NEA will be vigorously challenged by Khan through all legally available means.
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