Khot Infrastructure Sells Interest in Anya-2 S.À R.L. and Issues Stock Options
December 3, 2015
December 3, 2015
ULAANBAATAR, MONGOLIA — KHOT INFRASTRUCTURE HOLDINGS, LTD. (“KHOT” or the “Company”) (CSE: KOT) announced today that it has sold its 5.05% interest in Anya-2 S.à r.l. (“Anya-2”) to Mogul Ventures Corp. (“Mogul”), a Canadian private company, seeking a listing on the TSX Venture Exchange. In exchange for the Company’s interest in Anya-2, Khot has received a 5.05% of a 2.5% net smelter royalty for any production of metals from the Ochiryn Bulag project, as well as 80,800 common shares of Mogul.
The divestiture of Khot’s interest in Anya-2 completes the Company’s business transition from mineral exploration to development of infrastructure in Mongolia. The sale of the Anya-2 to the Mogul venture should allow Khot to monetize its investment, while focusing on obtaining road development concessions.
The Company is pleased to announce that the board of directors has approved the granting of options to purchase up to 995,000 common shares of the Company to officers, directors, and consultants. Of the 995,000 options granted, 875,000 options entitle the holder to purchase one common share of the Company at a price of $0.20 per share for a period of five years. The remaining 120,000 options entitle the holder to purchase one common share of the Company at a price of $0.20 per share for a period of one year, with 60,000 options vesting at the grant and 60,000 vesting in three months form the date of grant.
Our goal is to become the leading Mongolian transportation contractor and the preferred choice for employees, shareholders and partners. Our focus is on high margin contracts, such as highways and regional roads. Our mission is to provide the infrastructure needed for one of the world’s fastest growing economies.
1 604 689 1515 EXT 308
Sabino Di Paola
Chief Financial Officer
1 613 293 9219
The CSE has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.
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