HALIFAX, Nova Scotia, June 28, 2022 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce that it intends to issue, by way of a non-brokered private placement, up to 20,000,000 units of the Company (the “Units”) at a price of $0.30 per Unit (the “Private Placement”), for gross proceeds of up to $6,000,000. Each Unit will consist of one common share and one-half (½) of one common share purchase warrant (each whole warrant, a “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 $0.45.
Erdene Announces Financing to Fund Exploration and Pre-Construction in the Khundii Gold District
Jun 28, 2022
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