Erdene Announces $25 Million Bought Deal Private Placement

Core Viewpoint - Erdene Resource Development Corp. has announced a bought deal private placement to raise approximately $25 million through the sale of common shares at a price of $8.90 per share [1][3]. Group 1: Offering Details - The company will issue 2,809,000 common shares, with the potential for underwriters to purchase an additional 421,000 shares [1][2]. - The offering is expected to close on or about February 5, 2026, subject to regulatory approvals and customary closing conditions [5]. Group 2: Use of Proceeds - Net proceeds from the offering will be allocated for exploration and technical studies on properties outside the Strategic Alliance with Mongolian Mining Corporation, including the Khuvyn Khar copper-porphyry system [3]. Group 3: Regulatory and Compliance Information - The common shares will be offered under the Listed Issuer Financing Exemption, allowing for sales in Canada (excluding Québec) and potentially in other jurisdictions [4]. - The securities will not be registered under the U.S. Securities Act and cannot be sold in the United States without proper registration or exemption [6]. Group 4: Company Overview - Erdene Resource Development Corp. is a Canada-based resource company focused on gold production at the Bayan Khundii Gold Mine in Mongolia, with a portfolio of precious and base metal projects [7].