Erdene Completes Share Consolidation
TSX: ERD | MSE: ERDN | OTCQB: ERDCF
www.erdene.com 1 [email protected]
ERDENE COMPLETES SHARE CONSOLIDATION
Press Release
Halifax, Nova Scotia
2025.09.02
Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN ; OTCQB: ERFCF)
("Erdene" or the "Company") is pleased to announce that further to its news release
dated August 25, 2025, the Company has completed the consolidation (the
“Consolidation”) of its issued and outstanding common shares (the "Common Shares")
on the basis of one (1) post -Consolidation Common Share for every six (6) pre-
Consolidation Common Shares. The Consolidation has reduced the number of issued
and outstanding Common Shares from 366,351,958 Common Shares to 61,063,549
Common Shares, effective September 2, 2025. As previously announced, no fractional
Common Shares were issued in connection with the Consolidation and fractional
Common Shares resulting from the Consolidation were rounded up to the nearest whole
Common Share.
The Common Shares are expected to begin trading on the Toronto Stock Exchange (the
“TSX”) on a post-Consolidation basis at markets open on September 5, 2025 and on the
Mongolian Stock Exchange (the “MSE”) during the week of September 8, 2025. Trading
of the Common Shares will remain halted on the MSE until trading begins on a post-
Consolidation basis. The Common Shares will continue to trade on the TSX under the
stock symbol "ERD" and on the MSE under the stock symbol “ERDN” under a new CUSIP:
29480N404 and new ISIN: CA29480N4049.
The Company’s transfer agent is mailing a letter of transmittal to each registered
shareholder. The letter of transmittal contains instructions on how to surrender to the
transfer agent the certificate(s) representing the pre-Consolidation Common Shares. The
transfer agent will send to each registered shareholder who follows the instructions
provided in the letter of transmittal a new share certificate representing the number of
post-Consolidation Common Shares to which the shareholder is entitled rounded up to
the nearest whole number or, alternatively, a DRS Advice/Statement representing the
number of post-Consolidation Common Shares the shareholder is entitled rounded up to
the nearest whole number following the Consolidation. No action is required by beneficial
shareholders of the Company to receive post -Consolidation Common Shares in
connection with the Consolidation. Beneficial shareholders who hold their pre -
Consolidation Common Shares through intermediaries (e.g., a broke r, bank, trust
company investment dealer or other financial institution) and who have questions
regarding how their Common Shares will be processed in connectio n with the
Consolidation should contact their intermediaries.
TSX: ERD | MSE: ERDN | OTCQB: ERDCF
www.erdene.com 2 [email protected]
The exercise price and the number of Common Shares issuable upon the exercise or
settlement of the Company’s currently outstanding stock options and deferred share units,
issued pursuant to the Company’s omnibus equity incentive plan (the “Omnibus Plan”)
and legacy incentive stock option and deferred share unit plans, have been
proportionately adjusted to reflect the Consolidation in accordance with their respective
terms. In addition, the number of Common Shares reserved for issuance under the
Company’s Omnibus Plan has been reduced proportionately to reflect the Consolidation.
Further details regarding the Consolidation are contained in the Company’s management
information circular dated May 20, 2025, which is available on SEDAR+ at
www.sedarplus.ca under the Company’s profile.
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 two
exploration licenses in 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 and OTCQB Venture Market. 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. 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 o bligation 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
TSX: ERD | MSE: ERDN | OTCQB: ERDCF
www.erdene.com 3 [email protected]
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-/