Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) has announced that it has closed its previously announced non-brokered private placement raising gross proceeds of $2,001,500.

Proceeds of the Offering 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