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| Home : Erdene Closes $2.5 Million Financing With Sandstorm Gold |
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Apr 22
2016 |
Erdene Closes $2.5 Million Financing With Sandstorm Gold |
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HALIFAX, NOVA SCOTIA--(Marketwired - April 21, 2016) - Erdene Resource Development Corp. (TSX:ERD) ("Erdene" or "Company") is pleased to announce it has closed its transaction with Sandstorm Gold Ltd. ("Sandstorm") (NYSE MKT:SAND)(TSX:SSL) for total consideration of C$2.5 million to Erdene ("Transaction"). The proceeds will fund the Company's 2016 exploration projects, specifically drilling of the high-grade Bayan Khundii gold project, which commenced on April 8, 2016. |
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| Source:http://www.marketwired.com/mw/release.do?id=2117268&sourceType=3 |
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