First dual registration approved www.montsame.mn
Ulaanbaatar /MONTSAME/ On May 23, at the meeting of the Financial Regulatory Commission the request from Erdene Resource Development Corp. (TSX:ERD) for dual registration of shares on Mongolian Stock Exchange was approved. The company listed on Toronto Stock Exchange requested to register 4 million shares worth of CAD 1.2 million.
The introduction of new product into the Mongolian stock market opens up a door for more than 30 mining companies operating in Mongolia, but listed on foreign stock exchanges to trade their stocks here. It will allow the public to become shareholders and benefit from natural resources. In addition, it will be a step forward to the development of Mongolian stock market towards the global benchmark.