HALIFAX, NOVA SCOTIA--(Marketwired - Jun 4, 2015) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce that its recently announced non-brokered financing ("Private Placement") is oversubscribed and as a result the Company has increased the amount of the financing to $1.5 million. The Company closed the first tranche of $1.15 million and expects to close the final tranche before [...]
Comments on the Significance of the Oyu Tolgoi Agreement HALIFAX, NOVA SCOTIA--(Marketwired - May 21, 2015) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce that it intends to undertake a non-brokered private placement ("Private Placement") to raise up to $1 million and has engaged the services of Altus Securities Inc. to act as advisor on behalf of the Company. The Company [...]
HALIFAX, NOVA SCOTIA--(Marketwired - Apr 27, 2015) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce it has closed its non-brokered private placement financing with Teck Resources Ltd. ("Teck"). The net proceeds will be used for exploration of the Company's Teck-Alliance projects in Mongolia. The private placement financing included the issuance of 2,826,310 shares to Teck at a [...]
Erdene, is pleased to announce it intends to issue, by way of a non-brokered private placement, 2,826,310 shares to Teck Resources at a price of $0.139 per share for gross proceeds of $392,857. In addition to the Private Placement, Teck will be issued 1,071,429 shares on the exercise of warrants with an exercise price of $0.10 per share, for gross proceeds of $107,143. This fulfils Teck's annual equity investment [...]
HALIFAX, NOVA SCOTIA--(Marketwired - Apr 1, 2015) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to provide a review of 2014 and Q1 2015 activities on the Company's principal projects in Mongolia in conjunction with its December 31, 2014 year-end financial results. Project and Financial Highlights Altan Nar Gold-Polymetallic Project (100% Erdene) - Initial Mineral Resource Estimate [...]
HALIFAX, NOVA SCOTIA--(Marketwired - Mar 31, 2015) - Editors Note: There is a map associated with this press release. Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce receipt of the initial mineral resource estimate ("Mineral Resource") for Discovery Zone and Union North, two of 18 target areas identified to date at the Company's 100%-owned Altan Nar Gold-Polymetallic Project [...]
HALIFAX, NOVA SCOTIA--(Marketwired - Feb 12, 2015) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce it has granted Tian Poh Resources Limited ("Tian Poh"), a period of exclusivity to exercise an option to acquire an interest in Erdene's Zuun Mod molybdenum-copper project ("ZM Project" or the "Project") in southwest Mongolia. Tian Poh can acquire and retain a 51% interest in the [...]
HALIFAX, NOVA SCOTIA--(Marketwired - Feb 9, 2015) - Editors Note: There are four maps associated with this press release. Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to report final drilling results from the Q4 2014 resource drilling program at its wholly-owned Altan Nar gold-polymetallic project in southwest Mongolia. The assay results for the full program are provided in the Table [...]
HALIFAX, NOVA SCOTIA--(Marketwired - Jan 12, 2015) - Editors Note: There are two maps associated with this press release. Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to provide drilling results for the first four holes of the 15-hole fourth quarter 2014 exploration program at the Company's wholly-owned Altan Nar gold-polymetallic project in southwest Mongolia. Highlights Significant [...]
HALIFAX, NOVA SCOTIA--(Marketwired - Nov 14, 2014) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce that a resource definition drilling program is now underway on its wholly owned Altan Nar gold-polymetallic project in the Tien Shan Gold Belt in southwest Mongolia. The drill program will seek to establish a near-surface, National Instrument ("NI") 43-101 compliant resource [...]
HALIFAX, NOVA SCOTIA--(Marketwired - Oct 6, 2014) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to announce it intends to issue, by way of a non-brokered private placement, up to 11,500,000 units at a price of $0.14 per unit for gross proceeds of up to $1,610,000 ("Private Placement"). Each unit will consist of one common share of the Company and one-half of one common share purchase [...]
Union North Trench Extends Zone by 100m with 12m of 3.7 g/t Gold HALIFAX, NOVA SCOTIA--(Marketwired - Oct 2, 2014) - Editors Note: There is a map associated with this press release. Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company"), is pleased to report further significant gold, silver and base metal results from a trenching program completed in the third quarter at the Company's 100%-owned Altan Nar [...]