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Building Vital Infrastructure in Mongolia

NEWS

29 Dec

Khot Completes Road Repair Project and Receives Payment

December 29, 2014

ULAANBAATAR, MONGOLIA — Khot infrastructure holdings Ltd. (CSE: KOT; “Khot” or “The Company”) is pleased to announce that its 75% owned Mongolian subsidiary AMZ LLC, following the successful completion of the previously announced 6-kilometer road repair project in Darkhan province, Mongolia, has received payment from the Ministry of Road and Transportation for MNT 1,300,000,000 (USD $698,000). This represents approximately 60% of the funds due from completion of AMZ’s initial road repair contract in Mongolia; the balance owing of MNT 900,000,000 will be paid to the Company at the expiration of the contractual holdback period.

Mongolia has 4,800 kilometers of paved road, much of which requires repair work, representing a total estimated market opportunity of $1 billion. In addition, the government is planning to construct 10,000 kilometers of new paved roads, representing an $8 billion market opportunity for total road construction.

Don Padgett, Khot President and CEO, commented, “The successful conclusion of this project provides management with a high level of confidence in the company’s ability to participate in this major growth opportunity provided by Mongolian infrastructure projects.”

About Khot Infrastructure
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 badly needed infrastructure required by one of the world’s fastest growing economies.

For more information, please visit www.khot-infrastructure.com or contact:

Don Padgett
President and CEO
1 760 485 7678

Sabino Di Paola
Chief Financial Officer
1 613 834 6513

Email: [email protected]

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.

Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company. Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties. There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

07 Oct

Khot Announces Award of Road Repair Contract in Darkhan Province, Mongolia

October 7, 2014

ULAANBAATAR, MONGOLIA — KHOT INFRASTRUCTURE HOLDINGS, LTD. (“Khot” or the “Company”) (CSE: KOT) is pleased to announce that its indirectly controlled subsidiary, Ashid Munkhiin Zam LLC (“AMZ”), has been awarded a contract to repair six kilometers of a twelve-kilometer road repair contract awarded to four companies, including AMZ. The project is located in Khongor Sum in Darkhan Aimag, Mongolia, strategically situated on the north-south road that connects Russia, China, and all the major cities in Mongolia, including Ulaanbaatar, Sukhbaatar, Darkhan and Sainshand. The total cost of the project has been budgeted and approved by the Mongolia Ministry of Road and Transportation. Khot anticipates completion of the project in early Q4 2014. This contract marks an important initial milestone for the Company as it commences operations in the road building and infrastructure sector.

James Passin, ‎Chairman of the Company, commented, “We are very pleased Khot has won its initial road construction contract in ‎‎Mongolia. The relatively modest size and scope of this first contract is a valuable first step as it allows the Company to gear up for the much larger opportunities in this burgeoning sector.”‎

road repair
Real men and equipment doing real work

road repair
Map of road covered by repair contract in Khongor Sum

About Khot Infrastructure
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 badly needed infrastructure required by one of the world’s fastest growing economies.

For more information, please visit www.khot-infrastructure.com or contact:

Don Padgett
President and CEO
1 604 689 1515 x104

Sabino Di Paola
Chief Financial Officer
1 613 834 6513

Email: [email protected]

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 .

Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

09 Apr

Firebird Global Master Fund Reports Transactions in Khot Infrastructure

April 9, 2014

CAYMAN ISLANDS — Firebird Global Master Fund, Ltd. (“FGMF”) announces that (i) it transferred to its parent company, Firebird Global Master Fund Holdings, Ltd. (“FGMF Holdings”), all of the securities it held in the share capital of Khot Infrastructure Holdings, Ltd. (CSE: KOT) (the “Issuer”), namely 530,747 common shares and (ii) Firebird Global Master Fund II, Ltd. (“FGMFII”), a joint actor of FGMF, transferred to its parent company, Firebird Global Master Fund II Holdings, Ltd. (“FGMF II Holdings”), all of the securities it held in the share capital of the Issuer, namely 461,392 common shares.

Furthermore, (i) Passin Management Limited Partnership (“Passin LP”), a joint actor of FGMF, acquired 126,250 common shares in the share capital of the Issuer, (ii) Sawikin Family 2011 LLC (“Sawikin LLC”), a joint actor of FGMF, acquired 500,000 common shares of the Issuer, (iii) James Passin, a joint actor of FGMF, was granted 500,000 options to acquire the same number of common shares in the share capital of the Issuer and (iv) Firebird New Mongolia Fund, L.P. (“FNMF”), a joint actor of FGMF, received an additional 5,363,636 common shares in the shares capital of the Issuer.

The aggregate number of securities of the Issuer currently held by FGMF Holdings and its joint actors, namely FGMFII Holdings, FNMF, James Passin, Passin LP, Sawikin LLC, Firebird Mongolia Fund, Ltd. (“FMF”) and Harvey Sawikin, is 33,669,605 common shares and 500,000 options to acquire the same number of common shares in the share capital of the Issuer. Out of the 33,669,605 common shares and 500,000 options (i) 530,747 common shares are held by FGMF Holdings, (ii) 461,392 common shares are held by FGMF II Holdings, (iii) 15,187,580 common shares are held by FMF, (iv) 14,863,636 common shares are held by FNMF, (v) 1,000,000 common shares and 500,000 options are held by James Passin, (vi) 1,000,000 common shares are held by Harvey Sawikin, (vii) 126,250 common shares are held by Passin LP and (viii) 500,000 common shares are held by Sawikin LLC. FGMF and FGMFII no longer hold any securities of the Issuer.

The 33,669,605 common shares held by FGMF Holdings and its joint actors represent approximately 52.32% of the outstanding common shares of the Issuer.

In addition, assuming the exercise by James Passin of the above-mentioned options to acquire additional common shares of the Issuer, the total securityholding of FGMF Holdings and its joint actors in the share capital of the Issuer would be 34,169,605 common shares, representing approximately 52.69% of the outstanding common shares of the Issuer, including the common shares deemed to be acquired pursuant to the exercise of such options.

The securities transferred by the FGMF and FGMFII to FGMF Holdings and FGMF II Holdings, respectively, were transferred at their then fair market value.

The 126,250 common shares acquired by Passin LP and 500,000 common shares acquired by Sawikin LLC were acquired by way of a private placement offering at a price of $0.20 per share.

The 500,000 options to acquire the same number of common shares in the share capital of the Issuer granted to James Passin are exercisable until December 7, 2016, at an exercise price of $0.25 per share.

The 5,363,636 common shares received by FNMF were issued in exchange for a 100% interest in Great Hoard Holdings SARL, a Luxembourg entity that holds a 75% of the share capital of Ashid Munkhiin Zam LLC, acquired by the Issuer through its wholly owned subsidiary, Jucca Holdings Ltd.

The securities transferred by the FGMF and FGMFII to FGMF Holdings and FGMF II Holdings, respectively, were transferred in the context of a reorganization.

The other transactions were carried out by FGMF Holdings’ joint actors for the purpose of maintaining their controlling interest in the Issuer. FGMF Holdings and its joint actors may, from time to time, acquire additional securities of the Issuer, may continue to hold their present position or may dispose of their securities.

No other joint actor of FGMF Holdings currently holds any securities of the Issuer.

This press release is being issued in order to comply with the disclosure requirements under applicable securities legislation. This press release is not an admission that an entity named in the press release owns or controls any described securities or is a joint actor with anyone else.

27 Jan

Director Resigns, New Website Launched

January 27, 2014

ULAANBAATAR, MONGOLIA — Khot Infrastructure Holdings, Ltd. (“Khot” or the “Company”) (CSE:KOT) announces that Mr. Paul Rapello has tendered his resignation as a director of the Company, effective January 22, 2014.

“On behalf of the board of directors and management, I would like to thank Paul for his commitment to the development of the Company since its creation in November 2011 and to his willingness to contribute to a positive and constructive transition,” said Don Padgett, President and CEO. “We also wish to thank him for his years of service and wish him the very best in his future endeavours.”

Khot is pleased to announce the launch of its newly redesigned website at khot-infrastructure.com. The new corporate website offers clear and concise access to information pertaining to Khot’s operations, providing an informative and visually appealing platform for its shareholders and potential investors to receive the most current company information.

About Khot
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.

To find out more about Khot, please visit our website at khot-infrastructure.com, email: [email protected] or contact:

Don Padgett
President and CEO
1 760 485 7678

Sabino Di Paola
Chief Financial Officer
1 613 834 6513

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.

Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

14 Jan

Undur Tolgoi Announces Name Change

January 14, 2014

ULAANBAATAR, MONGOLIA – Undur Tolgoi Minerals Inc. (“UTM” or the “Company”) (CNSX:UTM) is pleased to announce that effective on January 7, 2014, the Company has changed its name to “Khot Infrastructure Holdings, Ltd.” to have its name better reflect the Company’s new focus on cash generating, non-resource infrastructure projects within Mongolia.

Don Padgett, President and CEO remarked; “Our corporate name change and new trading symbol are further steps in the Company’s rapid transition and total commitment to the Mongolian infrastructure sector.”

Trading under the new name will commence on the Canadian Securities Exchange at the opening of trading on Wednesday, January 15, 2014 under the new trading symbol “KOT”. The Company was required to obtain a new CUSIP number for its common shares in conjunction with the name change. The new CUSIP number for the Company’s common shares is G52720 102.

Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

09 Jan

Undur Tolgoi Announces New COO and Director

January 9, 2014

ULAANBAATAR, MONGOLIA – Undur Tolgoi Minerals Inc. (“UTM” or the “Company”) (CNSX:UTM) is pleased to announce that Mr. Anthony Milewski will join UTM’s board of directors effective January 1, 2014. In addition, the Company will also appoint Mr. Erdembileg Jugdernamjil to the position of Chief Operating Officer (“COO”), effective January 1, 2014, replacing Mr. Jimmie Wilde who has resigned as COO of the Company.

Mr. Milewski brings the Company a valuable combination of academic qualifications and advisory experience focused on early and growth stage companies in emerging markets. He has worked with Skadden Arps and Renaissance Capital in Moscow and Firebird Management in New York. He has lived and worked in Russia and Africa and spent extensive amounts of time in Central Asia and Mongolia. He has served as both a director and an executive with a number of private and public companies. Anthony has been a frequent speaker at international industry conferences and this broad experience has given him a keen insight into the unique challenges and opportunities of operating early stage companies in emerging markets.

Mr. Milewski’s academic qualifications include a B.A. in Russian history from Brigham Young University, a M.A. in Russian studies and a J.D. from the University of Washington. Anthony spent a year in Russia as a Fulbright scholar. He holds an LLM from the Russian Academy of Sciences.

Don Padgett, UTM President and CEO, commented; “We are delighted to have someone with Anthony’s unique skill set to assist the Company with the implementation of its new strategic direction in the Mongolian infrastructure sector.”

Mr. Erdembileg is the CEO of CBM LLC, a Mongolian-registered business consulting, administration and geology service provider and the CEO of Big Mogul Coal & Energy LLC, a producing coal mining company. Erdembileg also served as an officer at the Ministry of Mineral Resources and Energy, a project manager at Energy Resources LLC and an officer at the State Property Committee. He earned a bachelor’s degree from the Economic school of University of Mongolia and a MBA from the Academy of Management.

Don Padgett, UTM’s President and CEO stated; “We are delighted to have Erdembileg and his knowledge of local and regional government affairs on board as we quickly build our newly created road construction/infrastructure division as part of the Company’s business”.

UTM announces that effective on January 8, 2014, the Company has granted, under its Stock Option Plan, fully vested incentive stock options to certain directors, senior officers, and consultants to purchase up to an aggregate of 2,300,000 common shares in the capital of the Company exercisable for a period of five years ending on January 6, 2019, at an exercise price of $0.25 per share and are subject to the Company’s vesting provisions.

All options and any shares issued on the exercise of options will be subject to a four month hold period and are subject to Exchange approval.

The CNSX has in no way passed upon the merits of the proposed transaction and has neither approved or disapproved the contents of this press release.

Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

02 Jan

Undur Tolgoi Announces Continuance

January 2, 2014

ULAANBAATAR, MONGOLIA – Undur Tolgoi Minerals Inc. (“UTM” or the “Company”) (CNSX:UTM) is pleased to announce that, after obtaining the unanimous approval of the shareholders who voted at the special meeting held on December 18, 2013, in Vancouver, British Columbia, it has completed the continuance from the laws of the Province of British Columbia to the laws of the British Virgin Islands effective December 18, 2013. Shareholder participation was very strong, with approximately 81% of the Company’s outstanding common shares having been voted at the special meeting.

Don Padgett, UTM’s President and CEO commented; “We believe the very high level of support received at the special meeting indicates strong shareholder interest in the previously announced refocus in the Company’s strategic business direction.” James Passin, the Company’s Chairman stated; “UTM is now in the position to capitalize upon the growing opportunity in the Mongolian infrastructure sector, with particular emphasis on road building. The Government of Mongolia is committed to a significant highway construction program to support the rapidly growing economy”.

The Company was required to obtain a new CUSIP number for its common shares in conjunction with the Continuance. The new CUSIP number for the Company’s common shares is G9311G 102.

Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.

07 Nov

Undur Tolgoi to Acquire Mongolian Road Construction Company

November 7, 2013

ULAANBAATAR, MONGOLIA – Undur Tolgoi Minerals Inc. (“UTM” or the “Company”) (CNSX:UTM) is pleased to announce that it has entered into an agreement to acquire, through its wholly owned British Virgin Island-registered subsidiary, Jucca Holdings Ltd., a 100% interest in Great Hoard Holdings SARL, a Luxembourg entity that holds a 75% of the share capital of Ashid Munkhiin Zam LLC (“AMZ”), a Mongolian company, in an exchange for 5,363,636 newly issued shares of UTM. AMZ holds road construction, repair and maintenance permits. AMZ intends to seek road construction contracts and tenders in Mongolia.

Road construction is one of the fastest growing industries in Mongolia. The government intends to build over 10,000 kilometers of paved road in the next 10 years. As part of its goal, the government passed a law in 2012 mandating paved roads between Ulaanbaatar and each of the country’s 21 province centers by 2016.

Last year Mongolia raised USD$1.8 billion in its first ever bond offering. Shortly afterward the government announced that most of the bond money would be spend on development of infrastructure and allocated USD$335 million to the road budget.

Mongolia’s roads officially total 49,294 km, but only about 25% of the roads are currently paved. Most roads are little more than dirt tracks, which are usually dusty and occasionally muddy. By undertaking straightforward grading work, the roads would be quite similar to those servicing many of the mining and outback communities in Australia.

UTM’s CEO, Donald Padgett, stated, “UTM is grateful for the support of its largest shareholder, Firebird Management, and its affiliated team in Mongolia, in assisting the company in the identification and incubation of new venture opportunities in Mongolia.”

Following completion of the acquisition, UTM will have 64,351,484 shares outstanding.

James Passin, UTM’s Chairman, commented, “We are excited to enter the road construction industry in Mongolia. For the benefit of its shareholders, we are committed to building UTM into a significant and successful Mongolian-focused public company. Following a strategic review of the company, the Board of Directors is refocusing the company away from mineral exploration in order to participate in Mongolia’s massive infrastructure growth potential.”

Disclaimer for Forward-Looking Information
Statements containing forward-looking information express, as at the date of this news release, the Company’s plans, estimates, forecasts, projections, expectations, or beliefs as to future events or results and are believed to be reasonable based on information currently available to the Company.

Forward-looking statements and information are based on assumptions that financing and personnel will be available when required and on reasonable terms, and all necessary regulatory approvals and shareholder approval will be obtained, none of which are assured and are subject to a number of other risks and uncertainties.

There can be no assurance that forward-looking statements will prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements. Readers should not place undue reliance on forward-looking information.