MarketWatch / marketwire: Erdene to Separate into Two Public Companies focused on Donkin Coal Development and Mongolia Exploration

Erdene Resource Development Corp. (“Erdene” or “Corporation”) announced today that an agreement in principle has been reached whereby Advanced Primary Minerals Corp. (“APM”) will acquire all of Erdene’s North American interests, comprised primarily of Erdene’s interest in the Donkin Coal Project (“Donkin”). Erdene will receive shares of APM in consideration for the sale of its North American interests. These shares, together with the 60% of the issued and outstanding shares of APM currently owned by Erdene, will ultimately be delivered to the Erdene shareholders. The transaction is subject to signing a definitive agreement and receipt of approvals from the TSX, the TSX-V, the Nova Scotia Supreme Court, the shareholders of Erdene and the minority shareholders of APM, as well as compliance with all other requirements governing related-party transactions. To read the full article, click hereErdene to Separate into Two Public Companies focused on Donkin Coal Development and Mongolia Exploration

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