Mr. Jim Doak often appeared on Canadian business television (BNN photo)

Mr. Jim Doak often appeared on Canadian business television (BNN photo)

Khan Resources Inc. (“Khan” or the “Company”) (CSE:KRI) regrets to announce the passing of Jim Doak, its beloved Chairman. Mr Doak passed away at his hotel in Ulaanbaatar awaiting a flight home to Canada following the completion of a second series of meetings with representatives of the Government of Mongolia (See Press Release dated April 23, 2015).

Mr. Grant Edey, President and CEO of Khan, commented “Jim’s contribution to the success of the Company has been enormous. He a very special and uniquely talented individual whose insights and decision-making abilities were off the scale. His integrity and the constant pursuit of the best interests of shareholders provided the basis for the Company’s strategies. He will be sorely missed, both by the Company and by me personally as Jim and I had become very close friends over the years we worked together”.

“In respect of international arbitration, Jim and I and the Board had developed a clear and consistent strategy for settlement of the award and for obtaining value for the shareholder. That strategy will not change one iota as a result of Jim’s passing”.

Read more:Prominent Bay Street figure Jim Doak found dead in Mongolia (Globe), Jim Doak, Canadian mining executive, found dead in Mongolia (CBC)