To honor the occasion of the first secondary listing, 'Erdene Resources Development Corporation', on the Mongolian Stock Exchange, D.Sumiyabazar, Minister of Mining and Heavy Industry, S.Davaasuren, Chairperson of Financial Regulatory Commission and Peter Akerley, President and CEO of ‘Erdene Resource Development Corporation’ have visited Mongolian Stock Exchange today and rung the bell to start the 5736th securities trading of MSE. 

“The result of close and productive collaboration with the Mongolian Stock Exchange, the Financial Regulatory Commission of Mongolia, and the Government of Mongolia through active support from the Ministry of Mining and Heavy Industry,” said Peter Akerley, President and CEO of Erdene. “Erdene is grateful to the leaders of those institutions, and strongly believes the MSE listing will increase opportunities for more Mongolians to tangibly benefit from the development of their nation’s mineral endowment. Through the MSE listing, we will be providing an opportunity for Mongolians to directly participate in the exciting high-grade gold deposits we have discovered in the southwest of the country. Our cross listing on both a foreign exchange and the MSE, the first of its kind in Mongolia, is a demonstration of our commitment to creating lasting benefits in Mongolia. Those benefits go beyond the direct financial upside and include strengthening Mongolia’s emerging capital markets, improved local water supply, educational training, cleaner energy systems and local employment initiatives. As the longest standing, foreign-invested company continuously operating in Mongolia’s exploration and mining sector, we believe it is important that we continue to seek ways in which we can create sustainable, positive impacts for Mongolia.”

The company is offering its 2.7 percent of total outstanding shares or 4,000,000 shares for MNT640.00 per share and aiming to raise MNT2.56 billion. Proceeds of the offering are anticipated to advance the Company's exploration projects. The order will be taken until 14 June 2018 at 15:00 through MSE member securities companies.

MONGOLIAN STOCK EXCHANGE