Erdene Announces Conversion of EBRD Convertible Loan and Provides Bayan Khundii Gold Project Update

Erdene Announces Conversion of EBRD Convertible Loan and Provides Bayan
Khundii Gold Project Update

HALIFAX, Nova  Scotia,  Oct. 13,  2020  (GLOBE NEWSWIRE)  --  Erdene  Resource
Development Corp. (TSX:ERD;  MSE:ERDN) ("Erdene" or  the "Company")  announces
that the European Bank for  Reconstruction and Development (“EBRD” or  “Bank”)
has exercised its conversion option in respect of its US$5 million convertible
loan (“Convertible  Loan”)  with  the Company.  Following  conversion  of  the
Convertible  Loan,  the  EBRD  owns  and  controls  30,043,290  common  shares
representing approximately 11.2% of the  issued and outstanding common  shares
of the Company.

Erdene is  also  pleased to  provide  a  project update  for  its  100%-owned,
high-grade, open-pit Bayan Khundii Gold  Project (“Bayan Khundii” or “BK”)  in
southwest Mongolia.

Quotes from the Company and EBRD:

"The proceeds of the  EBRD Convertible Loan provided  the funding to  complete
the recently announced  Bayan Khundii  Gold Project  Feasibility Study,”  said
Peter Akerley, Erdene’s President and CEO. “The 
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Rare gold coin of Md Ghori up for auction in London

An extremely rare early 13th-century Islamic coin bearing the sole name of one of the forerunners of Muslim rule in India – Sultan Mu’izz al-Din Muhammad – is going under the hammer in London on October 22 and is estimated to fetch between £2,00,000 and £3,00,000 (Rs 1.89 crore and Rs 2.84 crore.)
The pure gold coin was issued by Sultan Mu’izz al-Din Muhammad, also called Muhammad Ghori.
The large coin from the Ghorid dynasty will come under the hammer of specialist auctioneers Morton and Eden.
Mu’izz al-Din Muhammad was born in Ghor, now the heart of present-day Afghanistan.
Together with his elder brother, Ghiyath al-Din Muhammad, they created a vast Ghorid empire stretching from northern India in the east to the margins of the Caspian Sea in the west.
It is Mu’izz al-Din’s successful campaigns in India for which he is most well-known today.
As swathes of Indian territories
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Man cheated by lure of cheap gold, robbed | Ahmedabad News

Ahmedabad: A 53-year-old man from Vastral, Bharat Patel, who runs an engineering unit at his house lodged a complaint at Ramol police station on Thursday alleging that six persons — of whom four were later identified as Iswharpuri Goswami and Pradeep Gordhan Kachadia of Ramol, Shailiesh Thakor of Narol, Ankur Bhupendra Patel of Hathijan— cheated him using the lure of gold biscuits at lower-than-market price.
The offence took place in July but one of the accused who had introduced the others to the complainant promised him to his money back. The complainant then waited, but later he approached Ramol police.
Investigators said they have arrested four of the six persons accused for a similar offence a fortnight ago and they are in judicial custody. “We are hunting for the two remaining accused and will question the suspects in the jail about them,” said K S Dave, inspector of Ramol police
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Real estate gold mine in railway stations

Here are a few takeaways from the meeting: as it is a Unesco World Heritage site, the old structure cannot be touched. The plan is to restore the station to its pre-1930 glory by demolishing the nearby buildings that housed administration offices, an eyesore by any standard. The refurbished station will function like a city-centre mall complete with retail outlets, eateries, entertainment facilities, hotels and souvenir shops, among others.

Since CSMT caters to over one million commuters daily during normal operations, arrival and departure need to be segregated. The core operations such as train and parcel movement, signaling and ticketing will continue to remain with the railways. The project will try to integrate various modes such as the proposed fast track of Harbour Line that connects the island city to Navi Mumbai, and the metro line, to make it a transport hub.

Two weeks earlier, a similar pre-bid meeting was

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Red Gold Announces Event to Support Families of Fallen Veterans and Showcase Launch of New All-American Products

“An All-American Evening under the Stars” Event to Support Families of Fallen Veterans and Showcase Launch of New All-American Products To Further Support the Cause

INDIANAPOLIS (PRWEB) October 01, 2020

Guests from across the nation will join together at the 33-acre Lucas Estate in Carmel, Indiana, a suburb of Indianapolis, on Saturday, October 3rd to celebrate “An All-American Evening Under the Stars” fundraising event with country music superstar John Rich, Indiana performing favorites Hunter & Girton, and special guest speaker Rocky Sickmann, POW and USMC Veteran — sponsored by Red Gold, Folds of Honor and Budweiser.

On behalf of the Folds of Honor organization, the evening’s featured speaker, Rocky Sickmann, will tell the harrowing story of his experience of when he was taken captive by Iranian militants in 1979 and held hostage for 444 days during what became known around the world as the “Iran Hostage Crisis”. Sickmann is also

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SBI announces special benefits on home, auto, gold, personal loans

a person standing in front of a store: SBI announces special benefits on home, auto, gold, personal loans

© India Today Group
SBI announces special benefits on home, auto, gold, personal loans

The State Bank of India (SBI) has announced a slew of special festive offers to its retail customers. The country’s largest lender has given a 100 per cent waiver in the processing fee of personal, car and gold loans if applied for through its YONO platform.

“There would be a complete waiver on processing fees on home loans for homebuyers in approved projects. The bank is also providing special concessions of up to 10 bps on the interest rate for customers based on their credit score and loan amount. In addition, homebuyers can also avail 5 bps interest concession if they apply for a home loan via YONO,” SBI said in a press release.

SBI’s special festive offer on home loans – The state lender has said it will waive processing fee on home loans (for

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Gold Coast mansion a bargain at $12m

IT IS not often you can walk away from a $12 million property deal thinking you have snagged yourself a bargain.

But that is exactly how one shrewd investor is feeling after securing a newly built three-level waterfront mansion on Anchorage Tce at Sanctuary Cove on the Gold Coast.

Take a tour of Brisbane & Queensland’s most expensive homes

Costing $17 million to build, the five-bedroom home featuring seven bathrooms, nine formal and informal living areas, parking for 12 cars and a home cinema was a relative steal at $12 million.

The property has been listed for sale with different agents since last September before being sold through Matt Gates, of Ray White Sanctuary Cove.

$12 million - 5685 Anchorage Terrace, Sanctuary Cove - Five-bedroom, waterfront.
media_camera$12 million – 5685 Anchorage Terrace, Sanctuary Cove – Five-bedroom, waterfront.

Property records list its previous owners as John and Elizabeth Baines, retired business owners from the United Kingdom, who decided to sell a

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