Business
Erdene Gold Inc. Receives Conditional Approval for Toronto Stock Exchange Listing
Erdene Gold Inc. Receives Conditional Approval for Toronto Stock Exchange Listing.
About this update from Erdene Resource Development Corporation
[{"type":"text","content":"\n\n\n\n\nHALIFAX, Nov. 30 /CNW/ - Erdene Gold Inc. (TSXV:ERD) is pleased to\nannounce it has received conditional approval for the listing of its Common\nShares on the Toronto Stock Exchange (\"TSX\").\n\"The graduation to the TSX is a very important step and marks the next\nphase of Erdene's growth,\" said Peter Akerley, President and CEO of Erdene\nGold. \"The TSX Venture Exchange provided an excellent platform for our initial\npublic offering. With our significant growth and recent expansion into\nmultiple commodities, we require a platform from which to raise our profile in\nCanada and internationally, increase liquidity and expose Erdene to a broader\nbase of potential investors. We expect the TSX listing will help us achieve\nthose goals as part of our strategy for creating greater shareholder value.\"\nListing of the common shares is subject to Erdene fulfilling various\nrequirements, which the Company expects to do shortly. Subject to receipt of\nfinal approval, trading is expected to commence under the symbol 'ERD' during\nthe week of December 12th, 2005. The Company will issue a news release three\ndays prior to commencement of trading on the TSX.\n\nAbout Erdene Gold Inc.\n\nErdene Gold Inc. is a mineral exploration company focused on Mongolia\nwith over 20 precious and base metal projects that include 47 licences\ncovering in excess of 840,000 hectares, as well as 19 uranium licences and\napplications covering more than 1.1 million hectares. Erdene is well funded\nwith a working capital position of approximately CDN$6 million as of August\n31st, 2005. Erdene has 27,269,635 common shares issued and outstanding and a\nfully diluted share position of 33,388,910 common shares. Erdene Gold Inc.\ntrades on the TSX Venture Exchange under the symbol ERD.\n\nForward-Looking Statements\n\nCertain information regarding the Company contained herein may constitute\nforward-looking statements within the meaning of applicable securities laws.\nForward-looking statements may include estimates, plans, expectations,\nopinions, forecasts, projections, guidance or other statements that are not\nstatements of fact. Although the Company believes that the expectations\nreflected in such forward-looking statements are reasonable, it can give no\nassurance that such expectations will prove to have been correct. The Company\ncautions that ac...