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.
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