Erdene Announces Results of Annual and Special Meeting of Shareholders
ERDENE RESOURCE DEVELOPMENT CORP.
Erdene Announces Results of Annual and Special Meeting of Shareholders
Halifax, Nova Scotia – June 15, 2017 – Erdene Resource Development Corp. (TSX:ERD)
("Erdene" or "Company") is pleased to announce its shareholders voted in favour of all items of
business brought before them at the Company's Annual and Special Meeting of Shareholders (“AGM”)
held on June 14, 2017 in Halifax, Nova Scotia. Details of the AGM are provided below.
Appointment of Board and Executive
At the AGM, shareholders voted in favor of Erdene management’s nominees to the board of directors,
with details of the vote as follows:
Nominee Votes For % For Votes Withheld % Withheld
Peter Akerley 67,759,961 99.98% 11,725 0.02%
Dr. Anna Biolik 67,759,186 99.98% 12,500 0.02%
William Burton 67,765,265 99.99% 6,421 0.01%
John Byrne 67,770,686 100.00% 1,000 0.00%
J.C. (Chris) Cowan 67,755,336 99.98% 16,350 0.02%
T. Layton Croft 67,755,336 99.98% 16,350 0.02%
David Mosher 67,771,686 100.00% 0 0.00%
Philip Webster 67,770,686 100.00% 1,000 0.00%
Following the AGM, Erdene’s board of directors appointed its executive officers for the coming year,
namely: President and Chief Executive Officer - Peter Akerley; Chairman of the Board - Chris Cowan;
Vice President and Chief Financial Officer - Ken MacDonald; and Corporate Secretary - Suzan Frazer.
Auditor Re-Appointed
KPMG LLP was re-appointed Auditor of the Company to hold office until the next AGM or until its
successor is duly appointed.
Shareholder Rights Plan Affirmed
At the AGM, shareholders also affirmed the continuance and amendment and restatement of the
shareholder rights plan ("Rights Plan") that had been approved by shareholders at the annual shareholder
meetings in May 2008, June 2011, and June 2014. The Rights Plan was adopted by Erdene’s board of
directors to ensure the fair treatment of shareholders in connection with any takeover offer for the
Company. Under the rules of the Toronto Stock Exchange the shareholders of Erdene must affirm the
Rights Plan every three years.
About Erdene
Erdene Resource Development Corp. (TSX:ERD) is a Canada-based resource company focused on the
acquisition, exploration, and development of base and precious metals in underexplored and highly
prospective Mongolia. Exploration success has led to the discovery and definition of several 100%-
owned prospects and deposits including the Company’s flagship and newly discovered, high-grade,
near-surface Bayan Khundii gold project where two drill rigs are currently operational; the 5.6 km long
Altan Nar gold-polymetallic mineralized trend that is host to 18 targets; the Altan Arrow go ld-silver
prospect; and the Zuun Mod molybdenum-copper deposit. In addition to the above properties, the
Company has an Alliance with Teck Resources Limited on regional copper -gold exploration in the
prospective Trans Altai region of southwest Mongolia. For further information on the Company, please
visit www.erdene.com. Erdene has 145,550,586 issued and outstanding common shares and a fully
diluted position of 156,592,160 common shares.
Forward-Looking Statements
Certain information regarding Erdene 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 Erdene 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. Erdene
cautions that actual performance will be affected by many factors, most of which are beyond its control,
and that future events and results may vary substantially from what Erdene 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 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 is subject to change after that date. The Company does not assume the obligation to
revise or update these forward-looking statements, except as may be required under applicable securities
laws.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS
RELEASE
Erdene Contact Information
Peter C. Akerley, President and CEO
or
Ken W. MacDonald, Vice President and CFO
Phone: (902) 423-6419
E-mail: [email protected]
Website: www.erdene.com
Twitter: https://twitter.com/ErdeneRes