The Chronicle Herald: Mining firm eyes Mongolian cash

Junior mining companies must go where the money is when searching for capital. But Mongolia? Halifax-based Erdene Resource Development Corp. Wednesday announced that it intends to raise up to $2 million through a private equity placement with Mongolian investors. “We really do believe that we’re being welcomed as a guest in that country,” said Peter Akerley, Erdene’s president and CEO. “We want to do everything we can to ensure that the communities that welcome us have some benefit from our presence.” To read the full article, click hereMining firm eyes Mongolian cash

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