In connection with the dual-listing application received from the Toronto Stock Exchange listed company dated on 12 March 2018, MSE listed its up to 4,000,000 shares worth 1.2 million Canadian dollar in the Tier 3. The Mongolian Stock Exchange will publicly disclose the dual-listing company after FRC has reviewed the process. For now,the company has yet to be named officially my MSE. However, Erdene Resource Development that listed on the Toronto Stock Exchange announced before that the company was planning to have dual-list on the Mongolian Stock Exchange, and the results will have been shown in the second quarter of the year. ‘The company is developing three significant new gold discoveries Bayan Khundii, Altan arrow and Altan Nar projects. The exploration stage is turning to the mining stage’ said the CEO Peter Akerley. Thus, the company is planning to build processing plant for the three mine. As of April 5, 2018, the company’s shares fell 1.33 percent to CAD 0.37 on the TSX. Stocks of the company are generally downgraded since March 19.

Source: BloombergTv.mn