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Khan Resources Inc. ("Khan" or the
"Corporation") is a Canadian-based company that has interests in
certain uranium properties (the "Dornod Properties") that are
located in the Dornod district of north eastern Mongolia, a
district that contains a number of known uranium deposits. As a
result of certain actions by the Mongolian Government, the
Corporation’s interests in the Dornod Properties are uncertain
at this time. In January 2011, the Corporation commenced the
International Arbitration process against the Government of
Mongolia and certain of its agencies for actions taken by the
Government to effectively expropriate Khan’s licenses.
Khan also holds 15,523,330 common shares and 4,031,665 share
purchase warrants of Macusani, a Canadian exploration company
listed on the TSX Venture Exchange (“TSX-V”) under the symbol
YEL. Macusani holds properties and explores for uranium in the
Macusani Plateau district in southern Peru.
The Corporation’s primary business objective is to obtain value
for its interests in the Dornod Properties and its investment in
Macusani.
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