HALIFAX, Nova Scotia, Oct. 13, 2020 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") announces that the European Bank for Reconstruction and Development (“EBRD” or “Bank”) has exercised its conversion option in respect of its US$5 million convertible loan (“Convertible Loan”) with the Company. Following conversion of the Convertible Loan, the EBRD owns and controls 30,043,290 common shares representing approximately 11.2% of the issued and outstanding common shares of th...

HALIFAX, Nova Scotia, Oct. 01, 2020 (GLOBE NEWSWIRE) -- Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or the “Company”) announces the conclusion of and the initial results from the first phase of its 18,000 metre Khundii Gold District drill program. Highlights: Phase I Drilling complete, totaling over 10,000 metres on the Bayan Khundii License:– 49 holes including 4 extension holes at Bayan Khundii for 8,435 metres– 11 holes at Dark Horse for 1,574 metresResults from the first twelve expansion holes (2,016...

HALIFAX, Nova Scotia, Sept. 02, 2020 (GLOBE NEWSWIRE) -- Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) ("Erdene" or the "Company") is pleased to announce the filing on SEDAR of the independent Feasibility Study (“Feasibility Study” or “FS”) Technical Report (the “Report”) for its 100%-owned, high-grade, open-pit Bayan Khundii Gold Project (“Bayan Khundii” or “BK”) in southwest Mongolia. The Report, entitled ‘Bayan Khundii Gold Project Feasibility Study, NI 43-101 Technical Report&...