ALMATY, KAZAKHSTAN, June 19 /CNW/ - JSC Compass Asset Management
("Compass") announces that, through investment funds that it manages, it has
acquired control of an aggregate of 5,669,100 common shares of Khan Resources
Inc. ("Khan Resources"), representing approximately 10.47% of the presently
issued and outstanding common shares of Khan Resources. The common shares were
acquired in multiple trades through the facilities of the Toronto Stock
Exchange. Compass acquired control of the common shares through its managed
funds for investment purposes and may, depending on market and other
conditions, increase or decrease the number of common shares over which it
exercises control through future purchases and sales. Khan Resources is listed
on the Toronto Stock Exchange under the symbol "KRI".
Compass is one of Kazakhstan's leading asset management / hedge fund
companies and is located at 240v Furmanova Street, Almaty Kazakhstan, 050059.
This news release may contain forward-looking statements. These
forward-looking statements are subject to risks and uncertainties and other
factors that may cause results to differ materially from expectations. These
include risks relating to market fluctuations, investee performance and other
risks. These forward-looking statements speak only as of the date hereof.
Compass disclaims any intent or obligation to update these forward-looking
For further information:
For further information: Dinara Alloyarova, Alloyarova@compass.kz, or
007 7272 607 607 ext 172