Erdene Resource Development Corp. is pleased to announce that it intends to issue, by way of a non-brokered private placement, up to 10,000,000 units of the Company at a price of $0.20 per Unit , for gross proceeds of up to $2,000,000. Each Unit will consist of one common share and one-half of one common share purchase warrant . Warrants are exercisable by the holder into one common share of the Company within two years [...]
Erdene Resource Development Corp. is pleased to announce the results of the Q2 2019 drill program at its 100%-owned Khundii Gold Project . This 1,800 metre program was conducted in April 2019 to increase confidence in the resource, confirm ultra-high gold grades and expand Bayan Khundii mineralization in support of the recently launched Pre-Feasibility Study led by Tetra Tech, Inc., a global engineering firm [...]
Erdene Resource Development Corp. is pleased to announce financial and operating results for the three months ended March 31, 2019 and to provide an update on progress and plans for its Khundii Gold Project. This release should be read in conjunction with the Company’s Q1-2019 Financial Statements, MD&A and Annual Information Form, available on the Company’s website or on SEDAR. Quotes from the Company [...]
Erdene Resource Development Corp. is pleased to announce the appointment of Robert Jenkins as its Chief Financial Officer, effective May 1, 2019. Robert’s appointment coincides with the retirement of Kenneth MacDonald, who has served as Erdene’s CFO since inception. Mr. Jenkins is a Chartered Professional Accountant with over 15 years financial management experience. He joined Erdene as Vice President Business [...]
Erdene Resource Development Corp. is pleased to announce the closing of the repurchase of a 1% net smelter return royalty from Sandstorm Gold Ltd. on its Khundii Gold Project in southwest Mongolia on April 12, 2019 for C$1.2 million. “Completing this repurchase is accretive for shareholders as the present value of royalty payments implied by the Preliminary Economic Assessment are well in excess of the purchase [...]
Erdene Resource Development Corp. is pleased to announce the commencement of the 2019 drill program at its 100%-owned Khundii Gold Project . “Since the grassroots discovery at Bayan Khundii three years ago, the Khundii Project has rapidly moved through exploration, drilling, resource definition and Preliminary Economic Assessment , and has recently entered the prefeasibility and permitting stage. The current [...]
Erdene Resource Development Corp. is pleased to announce financial and operating results for the year ended December 31, 2018 and to provide an update on progress and plans for its Khundii Gold Project. This release should be read in conjunction with the Company’s 2018 Financial Statements, MD&A and Annual Information Form, available on the Company’s website or on SEDAR. “Our objectives are clear [...]
Erdene Resource Development Corp. is pleased to announce its intention to repurchase a 1% net smelter return royalty from Sandstorm Gold Ltd. on its Khundii Gold Project in southwest Mongolia by April 14, 2019 for C$1.2 million. “Considering the results of our recent Preliminary Economic Assessment and the exploration potential of the Khundii Gold Project license area, the fair value of the 1% NSR is well in excess [...]
Erdene Resource Development Corp. is pleased to announce that it has closed its previously announced non-brokered private placement raising gross proceeds of $2,533,345 . The Offering, announced on February 12, 2019, was oversubscribed from the initial targeted proceeds of $1.75 million. Erdene’s management, directors and employees subscribed for 10% of the Offering. Pursuant to the Offering, Erdene has sold [...]
Erdene Resource Development Corp. is pleased to announce that it intends to issue, by way of a non-brokered Private Placement, up to 7,608,696 units of the Company at a price of $0.23 per Unit , for gross proceeds of up to $1,750,000. Each Unit will consist of one common share and one Warrant . Warrants are exercisable by the holder into one common share of the Company within two years of the closing date, at a price of [...]
Erdene Resource Development Corp. is pleased to announce the filing on SEDAR of the independent Preliminary Economic Assessment Technical Report for its 100%-owned Khundii Gold Project in southwest Mongolia. The Report entitled “NI 43-101 Technical Report for the Preliminary Economic Assessment of the Khundii Gold Project”, dated February 4, 2019, was prepared in accordance with National Instrument 43-101 [...]
Erdene Resource Development Corp. , is pleased to announce the results of an independent Preliminary Economic Assessment study for its 100%-owned Khundii Gold Project in southwest Mongolia. The PEA was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by RPMGlobal Asia Limited . The Company will be hosting a conference call today at 10:00 am EST to review these results. A [...]
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