Source: Entrėe Gold Inc.

Entrėe Gold Inc. has closed its previously announced sale of shares at USD 1.25 a share. Rio Tinto Exploration Canada Inc. exercised its pre-emptive rights in full and purchased an additional 170,455 shares at the offering prices. Total gross proceeds from the public offering of shares totaled USD 16 million.

The company plans to use the proceeds to fund ongoing exploration at its Shivee West project, in addition to its Ann Mason Project in the United States and general corporate purposes.

Entrée Gold is a Canadian mineral exploration company with its Lookout Hill property in Mongolia completely surrounding the Oyu Tolgoi copper and gold project.