Erdene Resource Development Corporation press release
Erdene Gold Inc. Receives Conditional Approval for Toronto Stock Exchange Listing
TSX - Toronto Stock Exchange · Gold · Silver · Lead · Zinc · Molybdenum · Antimony · Copper · Canada
HALIFAX, Nov. 30 /CNW/ - Erdene Gold Inc. (TSXV:ERD) is pleased to announce it has received conditional approval for the listing of its Common Shares on the Toronto Stock Exchange ("TSX"). "The graduation to the TSX is a very important step and marks the next phase of Erdene's growth," said Peter Akerley, President and CEO of Erdene Gold. "The TSX Venture Exchange provided an excellent platform for our initial public offering. With our significant growth and recent expansion into multiple commodities, we require a platform from which to raise our profile in Canada and internationally, increase liquidity and expose Erdene to a broader base of potential investors. We expect the TSX listing will help us achieve those goals as part of our strategy for creating greater shareholder value." Listing of the common shares is subject to Erdene fulfilling various requirements, which the Company expects to do shortly. Subject to receipt of final approval, trading is expected to commence under the symbol 'ERD' during the week of December 12th, 2005. The Company will issue a news release three days prior to commencement of trading on the TSX.
About Erdene Gold Inc.
Erdene Gold Inc. is a mineral exploration company focused on Mongolia with over 20 precious and base metal projects that include 47 licences covering in excess of 840,000 hectares, as well as 19 uranium licences and applications covering more than 1.1 million hectares. Erdene is well funded with a working capital position of approximately CDN$6 million as of August 31st, 2005. Erdene has 27,269,635 common shares issued and outstanding and a fully diluted share position of 33,388,910 common shares. Erdene Gold Inc. trades on the TSX Venture Exchange under the symbol ERD.
Forward-Looking Statements
Certain information regarding the Company contained herein may constitute forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may include estimates, plans, expectations, opinions, forecasts, projections, guidance or other statements that are not statements of fact. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. The Company cautions that actual performance will be affected by a number of factors, many of which are beyond the Company's control, and that future events and results may vary substantially from what the Company currently foresees. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration results, continued availability of capital and financing and general economic, market or business conditions. The Company's forward-looking statements are expressly qualified in their entirety by this cautionary statement. The information contained herein is stated as of the current date and subject to change after that date.
For additional information visit Erdene's website at www.erdene.com or contact the company via email at info(at)erdene.com.
The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.