Brief: Entree Gold announces spin-out of U.S. projects

Entree Resources

28/02/2017 22:00

Feb 28 (Reuters) - Entree Gold Inc  ETG.TO  :  
    * Entree Gold announces spin-out of U.S. projects 
    * Entrée's Ann Mason and Lordsburg projects will be 
transferred to a newly incorporated company, Mason Resources 
Corp 
    * Shareholders of Entrée will receive common shares in Mason 
in proportion to their shareholdings in Entrée 
    * There will be no change to shareholders' existing 
interests in Entrée 
    * Entree Gold - Entrée currently has a treasury of 
approximately US$18.5 million, of which US$8.75 million will be 
transferred to Mason as part of arrangement 
    * Mason will initially be managed by Entrée's current team 
of officers 
    * Entree Gold - Board of Mason will consist of four 
directors who currently sit on Entrée board, at least one new 
director who is independent of Entrée 
 
Source text for Eikon:  ID:nCCN6j7C5N  
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