Erdene Resource Development to issue four million shares on the MSE

The American Chamber of Commerce in Mongolia

2018-05-31 12:29 GMT+8

Erdene Resource Development, a Canadian-based exploration company which is set to be dually-listed on the Mongolian Stock Exchange (MSE), has provided a briefing on its new stock issuance.

The company has four exploration licenses in Mongolia. Erdene Resource Development has completed final-stage drilling at its Bayan-Khundii and Altan Nar projects, and the company is preparing to proceed with extraction. The company will be offering up to four million shares on the MSE to raise 1.2 million CAD in capital.

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