Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Entree Gold ( (TSE:ETG) ) has shared an announcement.
Entrée Resources Ltd. has completed a non-brokered private placement raising C$5.7 million, issuing 2,577,700 units. The proceeds will fund corporate purposes, including implementing an arbitration award related to its joint venture with Oyu Tolgoi LLC and supporting ongoing discussions with project stakeholders. Horizon Copper Corp., a major shareholder, participated significantly in the financing.
More about Entree Gold
Entrée Resources Ltd. is a Canadian mining company holding a unique carried joint venture interest in the Oyu Tolgoi project in Mongolia, one of the largest copper-gold projects globally. The company has a 20% or 30% carried participating interest depending on mineralization depth, with Horizon Copper Corp. and Rio Tinto as major shareholders.
YTD Price Performance: 4.17%
Average Trading Volume: 15,191
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $358.9M
Find detailed analytics on ETG stock on TipRanks’ Stock Analysis page.