Business
Erdene Gold Inc. Receives Final Approval for Listing on Toronto Stock Exchange
Erdene Gold Inc. Receives Final Approval for Listing on Toronto Stock Exchange.
About this update from Erdene Resource Development Corporation
[{"type":"text","content":"\n\n\n\n\nMove to Senior Exchange Effective December 14\n\nHALIFAX, Dec. 8 /CNW/ - Erdene Gold Inc. (TSXV:ERD) (\"Erdene\" or\n\"Company\") today announced it has received final approval for the listing of\nits Common Shares on the Toronto Stock Exchange (\"TSX\"). Erdene's shares will\ncontinue to trade under the symbol \"ERD\" and will begin trading on the TSX at\nthe opening of business on December 14, 2005.\n\nAbout Erdene Gold Inc.\n\nErdene Gold Inc. is a diversified mineral exploration company focused on\nMongolia with over 20 mineral exploration projects that include 71 licenses\nand cover approximately four million acres. Significant projects include the\nZuun Mod molybdenum-copper project where resource definition drilling is now\nunderway, the Central Basin Uranium Projects (International Uranium\nCorporation Joint Venture), the Ikh Tal-Erdenet Mine copper exploration\nprogram where high priority targets have been identified adjacent to\nMongolia's largest mining complex, the Tsenkher Gol Gold project targeting a\ngranite hosted disseminated gold target, the Galshar coal program, where\nprograms are underway to determine coal quality and thickness and the Temuujin\ncopper-gold porphyry project in the South Gobi Mineral Belt. Erdene is well\nfunded with a working capital position of approximately CDN$5.7 million as of\nSeptember 30th, 2005. Erdene has 27,269,635 common shares issued and\noutstanding and a fully diluted share position of 32,188,910 common shares.\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 actual performance will be affected by a number of factors, many\nof which are beyond the Company's control, and that future events and results\nmay vary substantially from what the Company currently foresees. Factors that\ncould cause actual results to differ materially from those in forward-l...