Warrants (Canada & USA)

[Buckey]

ERD.WT a new one

Erdene Gold to list 4,489,975 warrants on June 16


Erdene Gold Inc (C:ERD)
Shares Issued 31,888,210
Last Close 6/15/2006 $0.93
Thursday June 15 2006 - Warrants Called to Trade

The following trader note was released by the Toronto Stock Exchange on Thursday, June 15, 2006, at 9:40 a.m.:

A total of 4,489,975 common share purchase warrants of Erdene Gold Inc. will be listed and posted for trading at the open on Friday, June 16, 2006, under the following trading information:


Warrant symbol: ERD.WT

Warrant Cusip No.: 29480Q 11 8

Trading currency: Canadian dollars

Designated market-maker: Dundee Securities Corp.

Other markets: None


The warrants are being issued in connection with an arrangement involving Kaoclay Resources Inc. Erdene and Erdene Resources Inc., whereby Kaoclay shareholders received 1.65 Erdene common share and one-half of a warrant for each common share of Kaoclay they held. Each whole warrant entitles its holder to purchase one additional common share of Erdene at a price of $1.60 at any time prior to 5 p.m. (Halifax time) on June 15, 2009.

The warrants will be governed by the terms of a warrant indenture entered into between Erdene and Computershare Trust Company of Canada, as warrant agent. The warrant indenture will provide for appropriate adjustments to the warrants in the event of stock dividends, subdivisions, consolidations and other forms of capital reorganization.

© 2006 Canjex Publishing Ltd.