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.
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