Erdene Commences Trading ON the OTCQB
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
ERDENE COMMENCES TRADING ON THE OTCQB
Press Release
Halifax, Nova Scotia
2025.07.02
Erdene Resource Development Corporation (TSX:ERD | MSE:ERDN |
OTCQB:ERDCF) (“Erdene” or the “ Company”) is pleased to
announce effective immediately, the Company's common shares have commenced
trading on the OTCQB® Venture Market ("OTCQB") in the United States ("U.S.") under
the symbol "ERDCF". The Company's common shares will continue to trade on the TSX
Exchange under the symbol "ERD".
Peter Akerley, Erdene’s President and CEO, comments, "With Erdene expecting to
achieve first gold production at its Bayan Khundii mine shortly, our listing on the OTCQB
will amplify our marketing efforts and support our strategy of introducing the Company to
a broader audience of potential investors. The OTCQB is an efficient way for Erdene to
gain access to the largest pool of equity capital in the world, while offering potential
investors in the U.S. enhanced trading liquidity.”
In addition to being upgraded to the OTCQB, the Company is eligible with the Depository
Trust Company ("DTC") for its common shares. DTC is a subsidiary of the Depository
Trust & Clearing Corporation, a US company that manages the electronic clearing and
settlement of publicly traded companies. DTC eligibility permits shares of Erdene to be
distributed, settled and served through DTC's automated processes, leveraging the
efficiencies created through the electronic clearing and settlement of securities for
investors and brokers trading Canadian securities in the US.
Information relating to Erdene as well as real -rime price quotes will be available
on www.otcmarkets.com. The OTCQB, operated by the OTC Markets Group Inc., is the
premier marketplace for entrepreneurial and development stage companies that are
committed to providing a high-quality trading and information experience for their US
investors. To be eligible, companies must be current in their financial reporting, and
undergo an annual company verification and management certification process. The
OTCQB quality standards provide a strong baseline of transparency, as well as the
technology and regulation to improve the information and trading experience for investors.
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
TSX: ERD | MSE: ERDN
www.erdene.com [email protected]
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
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, 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
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