| Entree Gold to raise USD100 million |
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Source: Eurasia Capital newsletter Date: 03 December, 2010 Entree Gold Inc. has received a receipt for a final short form base shelf prospectus with the securities commissions of each province of Canada, except Quebec, and a corresponding registration statement on Form F-10/A with the United States Securities and Exchange Commission. These filings will allow the company to make public offerings of common shares, warrants, subscription receipts up to an aggregate offering price of USD100 million. The net proceeds are expected to be used for acquisitions, development of acquired mineral properties and working capital requirements. Entrée Gold owns the Lookout Hill deposit in Mongolia surrounded by the Oyu Tolgoi project. |