MarketWatch: Erdene Completes Private Placement Financing

Erdene Resource Development Corp. (“Erdene” or “Company”), is pleased to announce it has completed the private placement financing announced on November 16, 2011, led by Mongolian International Capital Corporation (“MICC”). Total proceeds of the private placement were $2,191,814 resulting in the issuance of 5,479,524 shares at $0.40 per share with net proceeds to the Company of $2,084,305 after total commissions paid to MICC of $107,509 pursuant to the offering. To read the full article, click hereErdene Completes Private Placement Financing

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