Huakan reports that the deadline for closing of the sale of its Greenwood Gold project assets to Gold Crown LLC has been extended to October 21, 2011. In exchange for granting Gold Crown the extension, Gold Crown has agreed to pay the Company on closing an additional $200,000 subsequent to October 14, which is in addition to the extension payments of $275,000, $300,000, $800,000 and $500,000 announced on August 5
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