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
2025.06.26
Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN) (“Erdene” or
the “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 (“Meeting”) held on June 25, 2025 in Halifax, Nova Scotia. Details of the
Meeting are provided below.
Appointment of Board and Executive
At the Meeting, 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
Against % Against
Peter C. Akerley 212,935,696 99.76% 512,200 0.24%
Dr. Anna G. Biolik 212,611,293 99.61% 836,603 0.39%
T. Layton Croft 212,210,493 99.42% 1,237,403 0.58%
Kenneth W. MacDonald 212,931,696 99.76% 516,200 0.24%
Cameron McRae 212,932,696 99.76% 515,200 0.24%
Additionally, Erdene would like to thank retiring directors David Mosher and Hedley
Widdup for their contributions to the Company.
Following the Meeting, 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; Chief Financial Officer – Robert Jenkins; and Corporate
Secretary – Suzan Frazer.
Auditor Appointed
MNP LLP was appointed Auditor of the Company to hold office until the next annual
general meeting or until its successor is duly appointed, and the directors were authorized
to fix the Auditor’s remuneration.
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
Approval of Termination of the Shareholder Rights Plan
At the Meeting, shareholders approved a resolution to amend the Company’s shareholder
rights plan (“Rights Plan”) to provide for its termination, effective as of the close of
business on June 26, 2025.
Approval of Share Consolidation
Shareholders also approved a special resolution to effect a consolidation of all of the
issued and outstanding common shares on the basis of (1) post-consolidated share for
every six (6) pre-consolidated shares (the “Consolidation”).
The board of directors has been authorized to determine the effective date of the
Consolidation or to determine not to proceed with the Consolidation, without further
approval of shareholders. The Company will announce the effective date once it is
determined.
The Consolidation remains subject to the final approval of the Toronto Stock Exchange.
Additional details on the Consolidation are set out in the Company’s management
information circular for the Meeting, which is available on the Company’s SEDAR+ profile
at www.sedarplus.ca.
About Erdene
Erdene Resource Development Corp. is a Canada-based resource company focused on
bringing the Bayan Khundii Gold Mine into production in late 2025 and on the acquisition,
exploration, and development of precious and base metals in underexplored and highly
prospective Mongolia. The Company has interests in three mining licenses and an
exploration license in Southwest Mongolia, where exploration success has led to the
discovery and definition of the Khundii Gold District. Erdene Resource Development Corp.
is listed on the Toronto and the Mongolian stock exchanges. Further information is
available at www.erdene.com. Important information may be disseminated exclusively via
the website; investors should consult the site to access this information.
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, including statements relating to the
Consolidation. 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
a number of factors, most of which are beyond its control, and that future events and
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
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
the ability to obtain required third party approvals, market prices, exploitat ion 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
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