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earlier than originally planned after amending its strategic alliance deal with Mongolia’s largest independent miner for the development of the Bayan Khundii gold project.
Erdene and MMC agreed in August that the Mongolian miner would advance $15 million of the $30 million to continue project early works in the form of a convertible note. The Halifax, Nova Scotia-based company said international financial institutions are concurrently conducting due diligence on the project’s updated feasibility study and are expected to provide debt financing.
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