Erdene Resource Development Corporation press release
Erdene Gold Inc. Receives Final Approval for Listing on Toronto Stock Exchange
TSX - Toronto Stock Exchange · Gold · Silver · Lead · Zinc · Molybdenum · Antimony · Copper · Canada
Move to Senior Exchange Effective December 14
HALIFAX, Dec. 8 /CNW/ - Erdene Gold Inc. (TSXV:ERD) ("Erdene" or "Company") today announced it has received final approval for the listing of its Common Shares on the Toronto Stock Exchange ("TSX"). Erdene's shares will continue to trade under the symbol "ERD" and will begin trading on the TSX at the opening of business on December 14, 2005.
About Erdene Gold Inc.
Erdene Gold Inc. is a diversified mineral exploration company focused on Mongolia with over 20 mineral exploration projects that include 71 licenses and cover approximately four million acres. Significant projects include the Zuun Mod molybdenum-copper project where resource definition drilling is now underway, the Central Basin Uranium Projects (International Uranium Corporation Joint Venture), the Ikh Tal-Erdenet Mine copper exploration program where high priority targets have been identified adjacent to Mongolia's largest mining complex, the Tsenkher Gol Gold project targeting a granite hosted disseminated gold target, the Galshar coal program, where programs are underway to determine coal quality and thickness and the Temuujin copper-gold porphyry project in the South Gobi Mineral Belt. Erdene is well funded with a working capital position of approximately CDN$5.7 million as of September 30th, 2005. Erdene has 27,269,635 common shares issued and outstanding and a fully diluted share position of 32,188,910 common shares.
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.