'Erdene Resources Development Corp', the first cross listed company on the Mongolian Stock Exchange,  has closed the offering of its 2.7 percent or 3,898,900 shares to the public. The total subscription for the stock has totaled 6,478,146 shares which was an oversubscription by 66 percent, ordered by 1248 individuals and entities. 

The Company’s common shares issued under the Mongolia Offering will commence trading under the symbol “ERDN” upon FRC’s declaration of the company’s IPO as successful. 

MONGOLIAN STOCK EXCHANGE