Erdene Announces Results of Annual Meeting of Shareholders
ERDENE RESOURCE DEVELOPMENT CORP.
Erdene Announces Results of Annual Meeting of Shareholders
Halifax, Nova Scotia – June 15, 2018 – 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 A nnual Meeting of Shareholders ( "AGM") held on
June 14, 2018 in Halifax, Nova Scotia. Details of the AGM are provided below.
Appointment of Board and Executive
At the AGM, shareholders voted in favo ur 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 46,650,797 99.98% 10,250 0.02%
Dr. Anna G. Biolik 46,656,647 99.99% 4,400 0.01%
John P. Byrne 46,639,647 99.95% 21,400 0.05%
J.C. (Chris) Cowan 46,637,797 99.95% 23,250 0.05%
T. Layton Croft 42,942,797 92.03% 3,718,250 7.97%
Cameron McRae 46,656,647 99.99% 4,400 0.01%
David V. Mosher
46,640,647 99.96% 20,400 0.04%
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 - 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, and the directors were authorized to fix the Auditor’s remuneration.
About Erdene
Erdene Resource Development Corp. is a Canada -based resource company focused on the
acquisition, exploration, and development of base and precious 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 of several
prospects and deposits including: Bayan Khundii – the Company’s flagship and newly discovered,
high-grade, near -surface gold project; Altan Nar – an extensive, high -grade, near -surface, gold -
polymetallic project located 16 kilometres northwest of Bayan Khun dii; Altan Arrow – an early -
stage, high-grade gold -silver project 3.5 kilometres north of Bayan Khundii; Ulaan – a recently
acquired copper-gold porphyry prospect adjacent to Bayan Khundii; Khuvyn Khar – an early-stage,
copper-silver porphyry project; Nomin Tal – a narrow, high-grade copper-gold discovery; and Zuun
Mod – a large molybdenum-copper porphyry deposit. In addition to the above projects, Erdene has
an Alliance with Teck Resources Limited on regional copper -gold exploration in the prospective
Trans Altai region of southwest Mongolia. The Bayan Khundii and Altan Nar licenses have a 2%
net smelter returns royalty (“NSR Royalty”) in favour of Sandstorm Gold Ltd. with a buy -back
option to reduce the NSR Royalty to 1%. For further information on the Company, please visit
www.erdene.com. Erdene has 161,682,014 issued and outstanding common shares and a fully
diluted position of 183,141,320 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 cau tions 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 material ly 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 quali fied 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