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Erdene and Morien Announce Completion of Plan of Arrangement and Commencement of Trading-Joint News Release
Published : November 09, 2012
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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

Erdene Resource Development Corporation

EXPLORATION STAGE
CODE : ERD.TO
ISIN : CA29480N2068
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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$ 55.6 millions as of today (US$ 42.0 millions, € 39.2 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 123 570 000 shares outstanding.

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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...
5/19/2009Reports 2009 First Quarter Financial Results and Provides Pr...
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...
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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...
7/27/2011(Nomin)Drill Results Confirm Continuity of Copper-Gold-Silver Sulfi...
6/30/2011(Donkin)Receives Independent Technical Report on Donkin Export Cokin...
6/1/2011(Zuun Mod Molybdenum)Receives Mining License for the Zuun Mod Molybdenum-Copper P...
3/4/2011(Zuun Mod Molybdenum)Reports Additional Results from Mongolian Copper Discovery: ...
11/28/2008(Donkin Coal Project)Provides Update on Donkin Coal Project
Corporate news of Erdene Resource Development Corporation
7/5/2016Morien Announces Appointment of CFO
6/22/2016Erdene Continues to Intersect Near-Surface, High-Grade Gold ...
6/16/2016Erdene Provides Highlights of AGM
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3/15/2016Erdene Provides Update on Bayan Khundii Gold Project and Rec...
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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
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2/9/2015IIROC Trade Resumption - ERD
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11/14/2014November 14, 2014 Erdene Secures Financing and Commences Res...
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8/25/2014Erdene Provides Exploration and Corporate Update : Commences...
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1/23/2014Altan Nar Trenching Intersects Multiple High Grade Gold and ...
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9/15/2008Xstrata Coal Canada Increases Ownership in Erdene
5/29/2008Erdene Name Change Approved at Annual and Special Meeting
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