Erdene Announces Results of Annual and Special Meeting of Shareholders
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
ERDENE ANNOUNCES RESULTS OF
ANNUAL AND SPECIAL MEETING OF SHAREHOLDERS
Press Release
Halifax, Nova Scotia
2019.06.21
Halifax, Nova Scotia – June 21, 2019 – Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“ 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 20, 2019 in Halifax,
Nova Scotia. Details of the AGM are provided below.
“On behalf of the Board of Directors, I would like to th ank retiring Chariman Chris Cowan for his enormous
contributions to Erdene,” stated Peter Akerley, Erdene’s President and CEO. “Chris has worked with the Company
since its inception and has been instrumental in the development of the Company from grassroot s explorer
through to the discovery of the high-grade Khundii Gold District in southwest Mongolia.”
“I am pleased to announce Layton Croft’s appointment as the Chairman of Erdene’s Board of Directors,”
continued Mr. Akerley. “Layton has been an Erdene dire ctor since June 2015 and brings 25 years of Mongolia
experience, including executive mining sector roles with Oyu Tolgoi (for Ivanhoe Mines and Rio Tinto), SouthGobi
Resources and Peabody Energy. His extensive in-country knowledge, relationships and management experience
will be of significant value to Erdene as the Company develops its flagship Kundii Gold Project
Appointment of Board and Executive
At the AGM, shareholders voted in favour of Erdene management’s nominees to the board of directors, with
details of the proxy voting results as follows:
Nominee Votes For % For Votes Withheld % Withheld
Peter C. Akerley 47,295,840 99.93 34,350 0.07
Dr. Anna G. Biolik 47,307,076 99.95 23,114 0.05
John P. Byrne 47,306,076 99.95 24,114 0.05
T. Layton Croft 46,098,910 97.40 1,231,280 2.60
Kenneth W. MacDonald 47,292,576 99.92 37,614 0.08
Cameron McRae 47,315,790 99.97 14,400 0.03
David V. Mosher 47,292,576 99.92 37,614 0.08
Following the AGM, Erdene’s board of directors appointed its officers for the coming year, namely: President and
Chief Executive Officer - Peter Akerley; Chairman of the Board – T. Layton Croft; Robert Jenkins – Chief Financial
Officer; and Corporate Secretary - Suzan Frazer.
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
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, and the directors were authorized to fix the Auditor’s remuneration.
Approval of Unallocated Options under the Company’s Incentive Stock Option Plan
At the AGM, shareholders approved all unallocated options issuable under the Company's 10% “rolling” incentive
stock option plan in accordance with the rules and policies of the Toronto Stock Exchange.
Approval of DSU Plan Amendment
The shareholders also approved the proposed amendment to the Company’s deferred stock unit plan (“DSU
Plan”). A detailed summary of the DSU Plan and the amendment is included in the circular sent to shareholders
in connection with the AGM, which is available under Erdene’s profile on SEDAR at www.sedar.com.
About Erdene
Erdene Resource Development Corp. is a Canada -based resource company focused on the acquisition,
exploration, and development of precious and base metals in underexplored and highly prospective Mongolia.
The Company has interests in four exploration licenses and a mining license in Southwest Mongolia, where
exploration success has led to the discovery and definition o f the Khundii Gold District. Erdene Resource
Development Corp. is listed on the Toronto and Mongolia stock exchanges. Further information is available
at www.erdene.com. Important information may be disseminated exclusively via the website; investors shoul d
consult the site to access this information.
NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS RELEASE
Erdene Contact Information
Peter C. Akerley, President and CEO, or
Robert Jenkins, CFO
Phone: (902) 423-6419
Email: [email protected]
Twitter: https://twitter.com/ErdeneRes
Facebook: https://www.facebook.com/ErdeneResource
LinkedIn: https://www.linkedin.com/company/erdene-resource-development-corp-/
YouTube: https://www.youtube.com/channel/UCILs5s9j3SLmya9vo2-KXoA