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Erdene Resource Development Corp.

11:04 AM EST - Erdene Resource Development Corp. : Announced the execution of an up to US$50 million working capital facility with Trade and Development Bank of Mongolia by Erdene Mongol LLC to fund commissioning and ramp up of the high-grade, open-pit Bayan Khundii Gold Project, under development with Mongolian Mining Corporation. Additionally, the Company is pleased to provide an update on recent warrant exercises. Erdene Resource Development Corp. shares T.ERD are trading down $0.01 at $0.57.