ERDC issuing more shares on Toronto exchange
Erdene Resources Development Corp. (ERDC) announced on Monday that it is issuing more shares on the Toronto Stock Exchange.
Kris Kouan, the deputy director of ERDC in Asia, informed Mongolian investors about the share issue, as well as some of the corporation’s other projects.
ERDC will issue shares worth USD 2 million, with the capital raised to be spent in exploration. The price of a new share will be discounted by 9.3 percent of the average closing price from November 1 to 10.
ERDC has been active in Mongolia since 1994, and has developed a copper and molybdenum deposit mine in the Zuunmod area of Bayankhongor aimag. Besides, ERDC has discovered a copper and silver deposit mine in the area of Khuviin Khar nearby Zuunmod, and is exploring for other mines.
Kris Kouan, the deputy director of ERDC in Asia, informed Mongolian investors about the share issue, as well as some of the corporation’s other projects.
ERDC will issue shares worth USD 2 million, with the capital raised to be spent in exploration. The price of a new share will be discounted by 9.3 percent of the average closing price from November 1 to 10.
ERDC has been active in Mongolia since 1994, and has developed a copper and molybdenum deposit mine in the Zuunmod area of Bayankhongor aimag. Besides, ERDC has discovered a copper and silver deposit mine in the area of Khuviin Khar nearby Zuunmod, and is exploring for other mines.
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