Entree
Gold Inc.EGI has entered into an underwriting agreement today in
connection with its previously announced marketed offering of common
shares.
The underwriters have agreed to purchase 10,000,000 shares at a price
of C$1.25 per share for gross proceeds of
C$12,500,000. The offering will be made under a prospectus supplement
dated November 23, 2011 to the Company's short form base shelf
prospectus dated November 19, 2010, in all provinces of Canada except
Quebec. The Company has also granted the underwriters an
over-allotment option to purchase up to an additional 1,500,000
common shares at the Offering Price, exercisable for a period of 30
days following closing.
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