Khan Resources Inc (T.KRI) hit a new 52-week high of 78 cents; Khan Resources Inc. announced today that it has signed a non-binding memorandum of understanding ("MOU") with MonAtom LLC ("MonAtom"), the Mongolian state-owned uranium development company. The MOU establishes the principal elements of a joint venture transaction which would finalize the ownership structure surrounding the Dornod uranium project, and creates a framework for developing the project and bringing it into operation as expeditiously as possible.
Khan's objective in entering into this MOU is to protect and preserve value for Khan's shareholders in light of the Mongolian Nuclear Energy Law, the status of Khan's mining and exploration licenses in Mongolia and the hostile bid by JSC Atomredmetzoloto ("ARMZ"). Khan's Board of Directors believes that the transactions contemplated by the MOU will, when completed, deliver far greater value to Khan's shareholders than the $0.65 per share offered by ARMZ in its hostile bid.
Dalsa Corp (T.DSA) hit a new 52-week high of $8.58; no news announcements today
Genesis Land Development (T.GDC) hit a new 52-week high of $3.20; no news announcements today
Crocotta Energy Inc. (T.CTA) hit a new 52-week high of $1.70; no news announcements today
Westaim Corp (T.WED) hit a new 52-week high of 57 cents; no news announcements today
SMTC Manufacturing Corp (T.SMX) hit a new 52-week high of $2.00; no news announcements today
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