03:45 PM EST - Khan Resources Inc. : said Friday that it has filed a statement of claim against Atomredmetzoloto JSC or ARMZ and its affiliate JSC Priargunsky Industry Mining and Chemical Union with the Ontario Superior Court of Justice. The claim, brought by Khan and certain of its subsidiaries, seeks damages from ARMZ and its affiliate in the total amount of $300 million, including equitable compensation resulting from their breach of fiduciary duties as one of Khan's joint venture partners and a shareholder of Central Asian Uranium Company, LLC, general damages resulting from their unlawful interference with the plaintiffs' economic relations, general damages resulting from their deliberately causing damage to Khan's and its subsidiaries' rights, business reputation and property and aggravated, exemplary and punitive damages. Khan Resources Inc.
shares T.KRI are trading up $0.04 at $0.33.
