VR Global Partners, L.P. Acquires Securities of Khan Resources Inc.
Toronto, Ontario--(Newsfile Corp. - September 27, 2013) - VR Global Partners, L.P. ("VRGP") announces that it has acquired ownership of 1,500,000 common shares (the "Shares") in the capital of Khan Resources Inc. ("Khan") (CNSX: KRI) at a price of CAD$0.17 per Share for gross proceeds of CAD$255,000. The Shares issued pursuant to the Offering were issued from Khan's treasury at a price of CAD$0.17 per Share, representing approximately 1.99% of the total number of Khan Shares. In addition, since the date of the last early warning report filed, VRGP acquired ownership of the following through the facilities of the Canadian National Stock Exchange: (1) 50,500 Shares on January 4, 2013 at an average price, including commissions, of CAD$0.11475, representing approximately 0.07% of the total number of Shares; (2) 664,500 Shares on January 18, 2013 at an average price, including commissions, of CAD$0.109966, representing approximately 0.88% of the total number of Shares; and (3) 99,000 Shares on June 20, 2013 at an average price, including commissions of CAD$0.1379, representing approximately 0.13% of the total number of Shares. As a result of the foregoing, VRGP's total holdings of Shares amount to 10,573,500 or approximately 14.03% of the total number of Shares issued and outstanding.
The Common Shares are held for investment purposes and VRGP may, depending on market and other conditions, increase or decrease its beneficial ownership or control of the Common Shares or other securities of Khan whether through market transactions, private agreements, treasury issuances, exercise of convertible securities or otherwise.
The issuance of this news release is not an admission that an entity named in the news release owns or controls any described securities or is a joint actor with another named entity.
For more information or to obtain a copy of the early warning report filed under National Instrument 62-103, please contact:
+971 4 372 3400
VR Global Partners, L.P. ("VRGP")
Intertrust Corporate Services (Cayman) Limited,
190 Elgin Avenue,
George Town, Grand Cayman