Nov 20 2010
Entrée Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA) has today filed and received a receipt for a final short form base shelf prospectus with the securities commissions in each of the provinces of Canada, except Quebec, and a corresponding registration statement on Form F-10/A with the United States Securities and Exchange Commission.
These filings allow the Company to make public offerings in Canada and the United States of common shares, warrants, subscription receipts or any combinations of such securities (collectively, the "Securities") up to an aggregate offering price of C$100,000,000 during the 25-month period commencing today. The Securities may be offered separately or together, in such amounts, at prices and on terms to be determined based on market conditions at the time of sale and set forth in an accompanying shelf prospectus supplement.
The net proceeds from the sale of the Securities, if any, are expected to be used by the Company for acquisitions, development of acquired mineral properties and working capital requirements.
Source: Entrée Gold Inc.