Close X Cookies are necessary for the proper functioning of 24hGold.com. By continuing your navigation on our website, you are accepting the use of cookies.
To learn more about cookies ...
EnglishFrench
Gold & Silver Prices in
In the same category
Erdene and Morien Announce Completion of Plan of Arrangement and Commencement of Trading-Joint News Release
Published : November 09, 2012
( 0 vote, 0/5 ) Print article
  Article Comments Comment this article Rating Follow Company  
0
Send
0
comment
Keywords :   Coal | Market |

HALIFAX, NOVA SCOTIA--(Marketwire - Nov. 9, 2012) - Erdene Resource Development Corp. ("Erdene") (News - Market indicators) and Morien Resources Corp. ("Morien") (TSX VENTURE:MOX) are pleased to announce the Plan of Arrangement ("Arrangement") involving Erdene, Advanced Primary Minerals Corp. ("APM") and Erdene Resources Inc., a wholly-owned subsidiary of Erdene, has now closed, and the shares of both companies commence trading today, the effective date, November 9, 2012.

Background

At the special meetings of the shareholders of Erdene and APM, held on October 26, 2012, the shareholders of both companies voted in favour of the Arrangement. Under the terms of the Arrangement, Erdene's North American projects, consisting primarily of its 25% interest in the Donkin Coal Project, are now owned by Morien. The Mongolian metals exploration projects will stay within Erdene. The shares of Morien ("Morien Shares") are listed on the TSX Venture Exchange under the symbol "MOX". Erdene will continue under the same name and trading symbol. 

As a result of the Arrangement:

a. The share capital of Erdene has been reorganized and each pre-existing Erdene share has been exchanged for one-half of one "Erdene New Share" and one-half of one Morien Share. 

b. Former shareholders of APM, other than Erdene, have received one Morien Share for every 7.85 shares of APM. 

Detailed disclosure of the Arrangement can be found in the management information circulars prepared by each of Erdene and APM, dated September 25 and 26, 2012, respectively, both of which are available on SEDAR.

Shareholders of Erdene and former shareholders of APM are asked to surrender their share certificate(s) to Computershare Investor Services Inc. to be exchanged for direct registration advices representing Erdene New Shares and Morien Shares, in the case of Erdene shareholders, and Morien Shares, in the case of former shareholders of APM. Letters of Transmittal were mailed to shareholders of Erdene and former shareholders of APM. Copies are also available on SEDAR. 

Forward-Looking Statements

Certain information regarding Erdene and Morien 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 and Morien believe that the expectations reflected in such forward-looking statements are reasonable, they can give no assurance that such expectations will prove to have been correct. Erdene and Morien caution that actual performance will be affected by a number of factors, most of which are beyond their control, and that future events and results may vary substantially from what they currently foresee. 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 subject to change after that date. 

NO REGULATORY AUTHORITY HAS APPROVED OR DISAPPROVED THE CONTENTS OF THIS RELEASE

Erdene Resource Development Corp.
Peter C. Akerley, President and CEO
or
Ken W. MacDonald
Vice President Business Strategy and CFO
(902) 423-6419
info@erdene.com
www.erdene.com
or
Morien Resources Corp.
John P.A. Budreski, President and CEO
(902) 466-7255
info@morienres.com
www.morienres.com
Companies Mentionned : Aura Minerals | Coal & Allied Industries | Erdene | Metals X |
Data and Statistics for these countries :
Gold and Silver Prices for these countries :

Erdene Resource Development Corporation

EXPLORATION STAGE
CODE : ERD.TO
ISIN : CA29480N2068
Follow and Invest
Add to watch list Add to your portfolio Add or edit a note
Add Alert Add to Watchlists Add to Portfolio Add Note
ProfileMarket
Indicators
VALUE :
Projects & res.
Press
releases
Annual
report
RISK :
Asset profile
Contact Cpy

Erdene is an exploration gold and copper company based in Canada.

Erdene holds various exploration projects in Canada and in Mongolia.

Its main exploration properties are DONKIN in Canada and DURVULJIN UUL, ERDENET and GALSHAR UUL in Mongolia.

Erdene is listed in Canada and in United States of America. Its market capitalisation is CA$ 35.2 millions as of today (US$ 26.6 millions, € 24.2 millions).

Its stock quote reached its highest recent level on July 06, 2007 at CA$ 2.05, and its lowest recent point on November 01, 2013 at CA$ 0.07.

Erdene has 109 880 000 shares outstanding.

Your feedback is appreciated, please leave a comment or rate this article.
Rate : Average note :0 (0 vote) View Top rated
 
Annual reports of Erdene Resource Development Corporation
2008 Annual report
Financings of Erdene Resource Development Corporation
6/4/2015Private Placement Oversubscribed, Closes First Tranche of $1...
5/21/2015Announces Private Placement
4/23/2013Closes Private Placement
12/21/2012Closes $1,000,000 Private Placement Financing, MIBG Complete...
12/21/2012Closes $1,000,000 Private Placement Financing, MIBG Complete...
12/12/2012Announces Private Placement
12/6/2011Completes Private Placement Financing
11/28/2011Closes $1,715,000 Financing Pursuant to Private Placement Th...
6/20/2008Closes $18.6 Million Private Placement
6/2/2008Announces $15 Million Private Placement
Financials of Erdene Resource Development Corporation
8/17/2009Reports 2009 Second Quarter Financial Results and Provides P...
4/1/2009Reports Year End Financial Results and Provides Project Upda...
5/15/2008Reports First Quarter Operating and Financial Results
Project news of Erdene Resource Development Corporation
11/18/2013Completes Trenching Program on the Altan Nar Gold-Silver Pro...
7/3/2012Completes US$3.35 Million Sale of the Granite Hill Quarry Pr...
6/28/2012(Donkin)to Separate into Two Public Companies focused on Donkin Coal...
1/17/2012Granite Hill Quarry Commences Production: Erdene Receives Mi...
11/28/2008(Donkin Coal Project)Provides Update on Donkin Coal Project
Corporate news of Erdene Resource Development Corporation
1/5/2016Erdene Appoints Gold Mining Executive David Mosher as Strate...
12/14/2015Erdene Resource Development Corp. opens the market
12/14/2015Erdene Extends Bayan Khundii's Striker Zone Down Dip With 9....
12/9/2015IIROC Trade Resumption - ERD
12/9/2015Erdene Intersects Multiple High-Grade Gold-Bearing Structure...
12/9/2015IIROC Trading Halt - ERD
11/16/2015Erdene Provides Project Review and Quarterly Financial Resul...
11/10/2015Erdene Closes Private Placement
11/9/2015Erdene Commences Maiden Drill Program at Bayan Khundii Gold ...
11/3/2015Erdene Announces a Three Month Extension to Warrants
10/20/2015Erdene Announces Private Placement; Drilling to Commence on ...
10/15/2015RETRANSMISSION - Erdene Reports Multiple High-Grade Gold-Pol...
10/15/2015Erdene Reports Multiple High-Grade Gold-Polymetallic Interse...
10/5/2015IIROC Trade Resumption - ERD
10/5/2015Erdene Discovers Bonanza Grade Gold in Southwest Mongolia
10/5/2015IIROC Trading Halt - ERD
9/29/2015Erdene Drills 12 m of 5.3 g/t Gold Equivalent at Union North...
9/16/2015Metallurgical Testing at Erdene's Altan Nar Project Returns ...
8/18/2015Erdene Resource Development Corp. Earnings Q2*, 2015
8/13/2015Erdene Provides Update on Metals Projects; Drilling Commence...
7/15/2015Erdene and Tian Poh Amend Option Agreement; Drilling to Comm...
7/6/2015Erdene Appoints Layton Croft to the Board of Directors
6/12/2015Erdene Closes Second Tranche of Private Placement for Total ...
6/9/2015Erdene Provides Highlights of AGM and Project Updates
6/4/2015Erdene Private Placement Oversubscribed, Closes First Tranch...
5/21/2015Erdene Announces Private Placement
4/27/2015Erdene Closes Private Placement; Advances Strategic Alliance...
4/17/2015Erdene Announces Private Placement
4/1/2015Erdene Provides Year-End Financial Results and Project Revie...
4/1/2015Provides Year-End Financial Results and Project Review
4/1/2015IIROC Trade Resumption - ERD
3/31/2015Reports Initial Resource Estimate for Altan Nar Gold-Polymet...
3/31/2015Erdene Reports Initial Resource Estimate for Altan Nar Gold-...
3/31/2015IIROC Trading Halt - ERD
2/12/2015IIROC Trade Resumption - ERD
2/12/2015Erdene Enters Agreement with Tian Poh Resources Ltd to Excha...
2/12/2015IIROC Trading Halt - ERD
2/9/2015IIROC Trade Resumption - ERD
2/9/2015Erdene Intersects Multiple High Grade Gold-Polymetallic Zone...
2/9/2015IIROC Trading Halt - ERD
1/12/2015Intersects 51 m of 2.5 g/t Gold Equivalent at Altan Nar Incl...
1/12/2015Erdene Intersects 51 m of 2.5 g/t Gold Equivalent at Altan N...
12/18/2014CWN Mining Acquisition Corporation Announces Private Placeme...
11/14/2014November 14, 2014 Erdene Secures Financing and Commences Res...
11/14/2014Erdene Secures Financing and Commences Resource Drilling on ...
10/7/2014IIROC Trade Resumption - ERD
10/6/2014Erdene Announces Private Placement; Altan Nar Gold-Polymetal...
10/6/2014IIROC Trading Halt - ERD
10/2/2014Erdene Provides Altan Nar Exploration Update
8/25/2014Erdene Provides Exploration and Corporate Update : Commences...
6/19/2014Erdene Provides Highlights of AGM and Project Updates
6/3/2014IIROC Trade Resumption - ERD
6/2/2014Erdene Intersects High Grade Gold and Base Metal Zone at Alt...
6/2/2014IIROC Trading Halt - ERD
1/23/2014Altan Nar Trenching Intersects Multiple High Grade Gold and ...
10/18/2013Announces Private Placement Altan Nar Gold Project - Explora...
10/18/2013Announces Private Placement : Altan Nar Gold Project-Explora...
10/7/2013Commences Exploration Program at Altan Nar Gold Project
7/2/2013Provides Highlights of AGM and Project Update
6/27/2013Reports Encouraging Metallurgical Results for Altan Nar Gold...
4/11/2013Establishes Strategic Alliance in Mongolia
4/3/2013Provides Year-End Financial Results and Project Review
11/27/2012Drill Program Confirms Gold Mineralized Trend at Altan Nar: ...
11/9/2012and Morien Announce Completion of Plan of Arrangement and Co...
10/26/2012and APM Shareholders Vote in Favor of Plan of Arrangement
10/9/2012Commences Drill Program on the Altan Nar Gold Project
10/2/2012Proposing Division into Two Public Companies
5/30/2012Drilling Continues to Expand Altan Nar Gold Discovery
5/17/2012Provides Project Updates and First Quarter Financial Results
4/26/2012(Donkin)Schedules Conference Call to Provide Update on Donkin Coal P...
3/29/2012Provides Project Updates and Reports Year End Financial Resu...
3/5/2012Announces Drilling Program for Altan Nar Gold-Silver Project
1/26/2012Confirms Continued Widespread Gold Mineralization at Altan N...
11/15/2011Provides Project Updates and Third Quarter Financial Results
11/10/2011Commences Drilling at Altan Nar Epithermal Gold Project Sout...
10/12/2011Drilling Confirms Significant Epithermal Gold Mineralization...
9/7/2011Announces Significant New Gold Discovery in Southwest Mongol...
8/15/2011Provides Project Updates and Second Quarter Financial Result...
4/12/2011Provides Project Updates and Reports Year End Financial Resu...
2/17/2011Zuun Mod Results Continue to Enhance Potential of Copper and...
2/28/2009Concludes Reverse Takeover of Beta Minerals Inc.
9/15/2008Xstrata Coal Canada Increases Ownership in Erdene
5/29/2008Erdene Name Change Approved at Annual and Special Meeting
Comments closed
 
Latest comment posted for this article
Be the first to comment
Add your comment
TORONTO (ERD.TO)Other OTC (ERDGF)
0.320-1.54%210,713.380
TORONTO
CA$ 0.320
07/26 10:30 -0.010
-1.54%
Prev close Open
0.325 0.320
Low High
0.320 0.320
Year l/h YTD var.
0.140 -  0.530 100.00%
52 week l/h 52 week var.
0.110 -  0.530 166.67%
Volume 1 month var.
40,000 -3.03%
24hGold TrendPower© : 28
Produces
Develops
Explores for Coal
 
 
 
Analyse
Interactive chart Add to compare
Interactive
chart
Print Compare Export
You must be logged in to use the porfolio and watchlists (free)
Top Newsreleases
Annual variation
DateVariationHighLow
2016100.00%0.550.13
201560.00%0.170.10
2014-28.57%0.260.09
2013-22.22%0.270.07
2012-52.63%0.650.14
 
5 years chart
 
3 months chart
 
3 months volume chart
 
 
Mining Company News
Endeavour(Ngas-Oil)END
to Announce its Q2 Results on Thursday July 28, 2016
US$ 0.16-16.26%Trend Power :
Serengeti Res.(Ag-Au-Cu)SIR.V
President's Letter to Shareholders
CA$ 0.13-3.70%Trend Power :
Banro(Au)BAA
Provides Corporate Update
US$ 0.39+2.63%Trend Power :
Golden Star(Au-Gems)GSC.TO
GSR - Golden Star Announces Pricing of US$30 Million Offering of Common Shares
CA$ 1.04+1.96%Trend Power :
Consol Energy(Coal-Ngas)CNX
Reports Second Quarter Results; Record Quarterly EP Production of 99.3 Bcfe; Decreased EP Division
US$ 18.12+5.53%Trend Power :
Horizonte Min.(Cu-Ag)HZM.L
awarded three new concession areas at Araguaia - the next major nickel project in Brazil
GBX 2.13+4.93%Trend Power :
Saturn Min.(Cu-Au)SMI.V
Announces Flow Through Private Placement
CA$ 0.08-15.79%Trend Power :
Ja SolarJASO
Reaches Important Milestone: Monocrystalline PV Product Shipments Total 7GW Over Last Decade
US$ 7.08+0.43%Trend Power :
Pioneer Resources(Au-Ni)PIO.AX
confirms plans for $1m Drill Program at Canadian Lithium Projects - Drilling planned to commence thi
AU$ 0.03+0.00%Trend Power :
Galilee Energy(Coal)GLL.AX
to drill lateral well at Glenaras Pilot
AU$ 0.06+10.71%Trend Power :
Energold DrillingEGD.V
Completes Private Placement for Gross Proceeds of Over $700,000
CA$ 1.06+0.95%Trend Power :
Hecla Mining(Cu-Le-Zn)HL
Hecla Withdraws Bid for Dolly Varden
US$ 5.93+3.85%Trend Power :
Firestone D(Gems)FDI.L
NOTIFICATION OF MAJOR INTEREST IN SHARES
GBX 42.25-5.06%Trend Power :
Strategic Metals(Cu-Le-Ni)SMD.V
Announces Flow-Through Share Private Placement
CA$ 0.55-6.78%Trend Power :
McEwen Mining(Cu-Le-Zn)MUX
REPORTS Q2 PRODUCTION RESULTS
US$ 3.91+5.96%Trend Power :
Great Panther Silver(Ag-Au-Mo)GPR.TO
to announce second quarter 2016 financial results on August 3,
CA$ 1.70+1.80%Trend Power :
Golden Star(Au-Gems)GSC.TO
GSR - Golden Star Announces US$65 Million Private Offering of Convertible Senior Notes
CA$ 1.04+1.96%Trend Power :
West African ResourcesWAF.AX
in The Australian
AU$ 0.24+6.52%Trend Power :
Altura(Au-Fe-Ta)AJM.AX
Noosa Mining and Exploration Conference
AU$ 0.16+1.29%Trend Power :
Eastern IronEFE.AX
Quarterly Activites Report
AU$ 0.01+0.00%Trend Power :