Erdene Resource Development Corp. (TSX:ERD| MSE:ERDN), MSE's first secondary listed company, announced that it has closed its non-brokered private placement which was completed in paralel with the launch of an offering of common shares to Mongolian residents. Pursuant to the Private Placement Erdene has sold 10,834,580 units at a price of $0.38 per unit for gross proceeds of $4.12 million. 

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