Erdene Provides Update ON Share Consolidation
TSX: ERD | MSE: ERDN | OTCQB: ERDCF
www.erdene.com 1 [email protected]
ERDENE PROVIDES UPDATE ON SHARE CONSOLIDATION
Press Release
Halifax, Nova Scotia
2025.08.25
Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN ; OTCQB: ERFCF)
("Erdene" or the "Company") is pleased to provide an update on the proposed
consolidation (the “Consolidation”) of Company's 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, as approved at the 2025
Annual General and Special Meeting of Shareholders, held June 25, 2025.
Share Consolidation
The Company’s Board of Directors has determined to implement the Consolidation
effective on September 2, 2025 (the "Effective Date"), subject to the receipt of all
necessary regulatory approvals. In connection with the Consolidation, trading of the
Common Shares will be halted on the Mongolian Stock Exchange commencing August
27, 2025, while trading will continue on the Toronto Stock Exchange. No fractional post-
Consolidation Common Shares will be issued in connection with the Consolidation. Any
fractional post-Consolidation Common Share arising from the Consolidation will be
rounded up to the nearest whole Common Share.
Upon completion of the Consolidation, the post -Consolidation Common Shares will
continue to trade on the TSX under the stock symbol " ERD" under a new CUSIP:
29480N404 and new ISIN: CA29480N4049. The post-Consolidation Common Shares are
expected to commence trading on the TSX at market open on or about September 5,
2025.
Registered shareholders of the Company will receive a letter of transmittal from the
Company's transfer agent, providing instructions for the exchange of their pre -
Consolidation Common Shares as soon as practicable following the Effective Date. The
letter of transmittal will contain 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 pos t-
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 -
TSX: ERD | MSE: ERDN | OTCQB: ERDCF
www.erdene.com 2 [email protected]
Consolidation Common Shares through intermediaries (e.g., a broker, bank, trust
company investment dealer or other financial institution) and who have questions
regarding how their Common Shares will be processed in connection with the
Consolidation should contact their intermediaries.
As of the date of this news release, the Company has 3 66,231,958 Common Shares
issued and outstanding. Following completion of the Consolidation on the Effective Date,
the Company is expected to have approximately 61,038,660 Common Shares issued and
outstanding, subject to rounding of fractional Common Shares.
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-/