and Petro Matad Limited (AIM: Matad) ( Petro Matad , the Company ), t he AIM quoted Mongolian oil company , is pleased to announce the launch of an Open Offer to raise up to approximately US$2 million. Open Offer
On 15 July 2021, the Company announced that it had conditionally raised approximately US$10.4 (before expenses) from the following sources: • a firm placing of 155,240,612 Placing Shares at the Issue Price to existing and new institutional investors by way of an accelerated bookbuild conducted by the Joint Bookrunners on behalf of the Company to raise approximately US$7.5 million; • a firm placing of 14,285,714 Retail Shares at the Issue Price to existing and new retail investors to raise approximately US$0.7 million; and
HALIFAX, Nova Scotia, May 17, 2021 (GLOBE NEWSWIRE)
Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce operating and financial results for the three months ended March 31, 2021 and to provide an update on its Bayan Khundii Gold Project (“Bayan Khundii” or “BK”). This release should be read in conjunction with the Company’s Q1-2021 Financial Statements and MD&A, available on the Company’s website or SEDAR.
Highlights:
Completed detailed design and engineering
Received regulatory approval for major non-process facilities
Executed contract for comminution circuit
Developed project and operations documentation and organizational structure
Progressed EDC Project Finance due diligence with consultant site visits completed
HALIFAX, Nova Scotia, March 15, 2021 (GLOBE NEWSWIRE)
Erdene Resource Development Corp. (TSX:ERD; MSE:ERDN) (“Erdene” or the “Company”) is pleased to announce operating and financial results for the year ended December 31, 2020 and to provide an update on its Bayan Khundii Gold Project (“Bayan Khundii” or “BK”). This release should be read in conjunction with the Company’s 2020 Financial Statements and MD&A, available on the Company’s website or SEDAR.
Quotes from the Company:
“Despite the impact of COVID-19 on the global economy over the past year, our Company made significant progress executing on our two-pronged strategy of advancing the Bayan Khundii Gold Project towards development while expanding high-grade gold resources in our Khundii Gold District,” said Peter Akerley, Erdene’s President and CEO.
Mongolia: Petro Matad announces Block XX operational update
01 Mar 2021
Covid-19 situation in Mongolia
Mongolia had effectively contained the COVID-19 virus in country until November 2020. Since then the number of cases in the community led to the imposition of tight restrictions and to date there have been three lockdowns. The total number of cases in Mongolia is approaching 3,000 and since the start of the year Ulaanbaatar has been on a high alert level with business operations restricted and government agencies working on a rotational basis. A full lockdown was established for 12 days over the Lunar New Year holiday period ending on 23 February. During the lockdown the government carried out mass testing of the population with 500,000 people in the city of 1.5 million tested. A vaccination programme has now begun with the goal to complete vaccination of 60% of the country s population by the third quarter of 2021. The government has introduced a $3.5 billion comprehensive plan