Atomredmetzoloto JSC or "ARMZ" announced its intention to make an all-cash offer of C$0.65 per share for all outstanding common shares of Khan Resources Inc. (KRI.TO), a uranium exploration and development company based in Toronto, Ontario.
The Offer represents a premium of 48% over the closing price of the common shares Khan on the TSX on November 26, 2009, the last trading day prior to this announcement by ARMZ of its intention to make the Offer, and a 103% premium over the volume weighted average price of the Khan Shares over the twenty-day trading period ended November 26, 2009.
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