Erdene Resource Development Corp.

Erdene Resource Development Corp. is pleased to announce that it has executed a mandate letter with Export Development Canada for an up to US$55 million senior secured debt facility to develop the Bayan Khundii Gold Project in southwest Mongolia. EDC’s financing for the Project is conditional upon the satisfactory completion of due diligence, which is currently underway and expected to conclude in the second quarter of [...]

Erdene Resource Development Corp. is pleased to provide exploration results for its Dark Horse gold prospect, as part of the first phase of its 18,000-metre Khundii Gold District drill program. To date, the Company has received assay results for approximately 3,600 metres of the 10,000 metres drilled in the first phase. Highlights1: Eleven hole, 1,574-metre reconnaissance diamond drill program completed at 100% owned Dark [...]

Erdene Resource Development Corp. announces that the European Bank for Reconstruction and Development has exercised its conversion option in respect of its US$5 million convertible loan with the Company. Following conversion of the Convertible Loan, the EBRD owns and controls 30,043,290 common shares representing approximately 11.2% of the issued and outstanding common shares of the Company. Erdene is also pleased to [...]

Erdene Resource Development Corp. announces the conclusion of and the initial results from the first phase of its 18,000 metre Khundii Gold District drill program. Highlights: Phase I Drilling complete, totaling over 10,000 metres on the Bayan Khundii License: – 49 holes including 4 extension holes at Bayan Khundii for 8,435 metres – 11 holes at Dark Horse for 1,574 metres Results from the first twelve [...]

Erdene Resource Development Corp. is pleased to announce the filing on SEDAR of the independent Feasibility Study Technical Report for its 100%-owned, high-grade, open-pit Bayan Khundii Gold Project in southwest Mongolia. The Report, entitled ‘Bayan Khundii Gold Project Feasibility Study, NI 43-101 Technical Report’, dated August 31, 2020, with an effective date of July 20, 2020, was prepared in accordance with National [...]

Multiple areas to be drilled as part of ongoing district expansion program Highlights1: Drilling commenced at Bayan Khundii on Monday, August 17 with a second drill rig scheduled to be operating the week of August 24 Phase I includes ~ 8,700 metres of drilling at Bayan Khundii and Dark Horse The first drill rig is focused on BK with drill plans for ~ 4,800 metres in ~30 holes in areas within the economic pit, outside the [...]

Erdene Resource Development Corp. is pleased to announce operating and financial results for the three and six months ended June 30, 2020 and to provide an update on the Bayan Khundii Gold Project. This release should be read in conjunction with the Company’s Q2-2020 Financial Statements, MD&A and Annual Information Form, available on the Company’s website or SEDAR. Quotes from the Company: “We made significant progress [...]

Erdene Resource Development Corp. is pleased to announce the closing of the previously announced non-brokered private placement of approximately C$20 million , led by a $15 million investment by Mr. Eric Sprott. “We are very pleased to close this financing led by Mr. Sprott,” said Mr. Peter Akerley, Erdene’s President and CEO. “Funds will be focused on expanding high-grade resources in our Khundii Gold District and allow [...]

Erdene Resource Development Corp. is providing an update on its previously announced non-brokered private placement of approximately C$20 million . As announced on July 23, 2020, the Private Placement will consist of the sale of 33,333,333 subscription receipts at a price of $0.45 per Subscription Receipt, to an entity controlled by Mr. Eric Sprott and the concurrent sale of up to 11,111,111 units of the Company at a [...]

Erdene Resource Development is pleased to announce a non-brokered private placement of approximately C$20 million, led by a $15 million strategic investment from Mr. Eric Sprott. Paradigm Capital acted as lead financial advisor to Erdene on the transaction. Haywood Securities acted as co-advisor. “We are very pleased to have Mr. Sprott as a significant shareholder of Erdene,” said Mr. Peter Akerley, Erdene’s President and [...]