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First Atlantic Nickel & Cobalt Corp. press release

Erdene Resource Development Corp.

TSXV - TSX Venture Exchange · Nickel · Chromium · Cobalt · Iron · Hydrogen · Copper · Gold · Silver · Canada

May 17, 2010 (Baystreet.ca) --

posted first-quarter net loss of $858,000 or $0.01 per share, compared with a net income of $681,000 or $0.01 per share in the prior year period. For the quarter, exploration and operating expenses amounted to $569,000 compared to $438,000 in the same quarter last year. Including capitalized exploration costs and excluding writeoffs, exploration expenses were $793,000, down from $843,000 in the year-ago period. Erdene Resource Development Corp.

Earlier from First Atlantic Nickel & Cobalt Corp.