On February 5, 2026, Erdene Resource Development Corporation completed a bought deal private placement of 3,230,000 common shares of the company at a price of $8.90 per share for gross proceeds of approximately $28.7 million, which included the full exercise of the underwriters’ option.
The offering was conducted pursuant to an underwriting agreement between Paradigm Capital Inc. and National Bank Financial Inc., as co-lead underwriters and joint bookrunners, and BMO Capital Markets.
Cassels acted for the underwriters.