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

Entree Resources

28/02/2017 22:01

Feb 28 (Reuters) - Entree Gold Inc  ETG.TO  
    * Entree gold announces spin-out of us projects 
    * Entree gold inc - ann mason and lordsburg projects will be 
transferred to a newly incorporated company, mason resources 
corp 
    * Entree gold inc - shareholders of entrée will receive 
common shares in mason in proportion to their shareholdings in 
entrée 
    * Entree gold inc - there will be no change to shareholders' 
existing interests in entrée 
    * Entree gold inc- board of directors has unanimously 
approved strategic reorganization of its business 
    * Entree gold inc - intended that each existing share of 
entrée is exchanged for one "new" share of entrée and 0.45 of a 
mason common share 
    * Entree gold - mason's board will consist of 4 directors 
who also sit on entrée board, as well as at least 1 other new 
director, independent of entrée 
 
Source text for Eikon:  ID:nMKWMTjkJa  
Further company coverage:  ETG.TO  
 
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