Erdene Closes Private Placement

This fulfils Teck's 2014 equity investment obligation pursuant to the Strategic Alliance between Erdene and Teck announced by Erdene on April 11th, 2013 (click here for Erdene's press release). Net proceeds of the Private Placement will be used for exploration of the Company's Teck-Al...

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Bibliographic Details
Published inMarketwired
Format Trade Publication Article
LanguageEnglish
Published Toronto Intrado Digital Media Canada Inc 13.05.2014
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Summary:This fulfils Teck's 2014 equity investment obligation pursuant to the Strategic Alliance between Erdene and Teck announced by Erdene on April 11th, 2013 (click here for Erdene's press release). Net proceeds of the Private Placement will be used for exploration of the Company's Teck-Alliance projects in Mongolia, including the Khuvyn Khar copper porphyry project where additional geophysical and geologic mapping programs will be completed during the second quarter. For more details on Erdene's projects please visit Erdene's website at www.erdene.com.