4-Traders: Mongolia Energy Corp – Termination of a Major and Connected Transaction Relating to Acquisition of Resources in Xinjiang, the PRC and Operation Update

This announcement is made by the Company pursuant to Rule 14.36 of the Listing Rules. The Company refers to the announcement of 31 March 2011 in relation to the grant of extension of time to Mr. Liu for completion of the Transaction to on or before 31 December 2011. As the condition precedent under the Transaction remained outstanding by the deadline of the extension, the Board has resolved to exercise its right to terminate the Transaction effective on 5 January 2012. To read the full article, click hereMongolia Energy Corp – Termination of a Major and Connected Transaction Relating to Acquisition of Resources in Xinjiang, the PRC and Operation Update

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