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TORONTO, ONTARIO--(Marketwired - May 29, 2015) - Khan Resources Inc. ("Khan" or the "Company") (CSE:KRI) is pleased to announce that it has closed the first tranche of its private placement of common shares (the "Offering") announced on May 15, 2015. Closing of the first tranche of the Offering resulted in the issuance of 4,100,000 common shares at a price of $0.40 per common share for gross proceeds of $1,640,000. The common shares issued are subject to usual resale restrictions until September 30, 2015. No fees or commissions were paid as part of the financing. The Company expects the second and final tranche of the Offering to close shortly. |
