Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) has announced that it intends to issue, by way of a non-brokered private placement, up to 10,000,000 units of the Company at a price of $0.20 per Unit, for gross proceeds of up to $2,000,000.

Proceeds of the Private Placement will be used to fund completion of the independent Pre-Feasibility Study of the Company's Khundii Gold Project, mining license applications for the Project’s properties, acquisition and exploration, including step-out holes to test continuity of the Bayan Khundii extension identified in Q2-2019, and for general working capital purposes.

Please click HERE to view the full press release. 

Source: Mongolian Stock Exchange