Waiting for a LOI or MOU.
In the meantime,never hurts to watch Big Brother or Big Sister before 2012 annual's are released as well as the MIBG LLC,who are big supporters.
maybe a shareholder or posters here can inform the ceo or business manager that on stockwatch they still do not list their
https://www.morienres.com website next to their stock symbol. might help a bit here. or might not nobody knows but the more investors read the better they will be in learning the story here.
The attached news release was issued in Halifax, Nova Scotia on December 21, 2012, via Marketwire.
Item Four - Summary of Material Change
On December 21, 2012, Erdene Resource Development Corporation (TSX: ERD) ("Erdene" or the "Company") announced that it had closed the private placement announced on December 12, 2012 that was limited to $1,000,000 and comprised of 5,882,353 Units priced at $0.17 per Unit.
Item Five - Full Description of Material Change
On December 21, 2012, Erdene announced that it had closed the private placement announced on December 12, 2012 that was limited to $1,000,000 and comprised of 5,882,353 Units priced at $0.17 per Unit. Each Unit is comprised of one common share of the Company and one-half of one common share purchase warrant, with each whole common share purchase warrant entitling the holder to purchase one common share of the Company at a price of $0.25 for a 24-month period.
All securities issued pursuant to the private placement are subject to a four month hold period. The Company paid cash commissions of $22,800 for the brokered portion of the financing, the majority of which was paid to Mongolian Investment Banking Group LLC which secured subscriptions from Mongolian investors who participated in the financing.
Net proceeds of the Private Placement will be used to advance the Company's projects in Mongolia and for general working capital. Project expenditures will primarily be directed to the Company's 100% owned Altan Nar ('Golden Sun') gold-silver project in southwestern Mongolia. Altan Nar was discovered by Erdene geologists in late 2011 and is emerging as one of the more significant gold discoveries in Mongolia in recent years. Exploration work completed to date, including more than 8,200 metres of diamond drilling, has confirmed multiple gold-silver zones over a 5 kilometre by 1.5 kilometre area with individual zones returning up to 29 metres of 4.3 g/t gold and 24.1 g/t silver. The 2012 program identified multiple targets that require scout and further delineation drilling throughout the property.
Item Six – Reliance on subsection 7.1(2) of National Instrument 51-102