10:28 AM EST - Erdene Resource Development Corp. : Announced it has entered into an agreement to acquire a 51% interest in the Ulaan exploration license, adjacent to the Company's high-grade Bayan Khundii gold project, with the option to acquire up to 100%. Under the terms of the Agreement, Erdene will acquire 51% of the outstanding shares of Leader Exploration LLC for US$750,000. The closing is anticipated to occur early in September 2017. Provided Erdene spends a minimum of US$600,000 on work expenditures on the Property over the next three years, it has the right to acquire the remaining 49% of the shares of Leader from Erdenechuluun.Z or, at Erdene's option, a portion of the Property, for the then fair market value of the Property or the portion to be acquired. Erdene may extend the option beyond three years by spending a minimum of US$100,000 per annum on work expenditures. Erdene Resource Development Corp.
shares V.ERD are trading unchanged at $0.78.