Entrée Resources Announces Private Placement of Up to CAD 31.9 Million

Bitget2026/10/20 13:42

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Entrée Resources announced a non-brokered private placement of up to 11,000,000 units at CAD 2.90, raising up to CAD 31.9 million.
Each unit comprises one common share and one warrant to purchase another common share at CAD 3.95 within three years of issuance.
A Tether affiliate is a strategic investor, gaining a board nomination right if it reaches and maintains 15% ownership.
Closing is expected in the fourth quarter of 2026, subject to regulatory approvals, including Toronto Stock Exchange acceptance.
Proceeds will fund general corporate purposes, including an updated technical report, increased presence in Mongolia and potential reductions in funding-agreement obligations.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Entree Resources Ltd. published the original content used to generate this news brief on October 20, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Entrée Resources Announces Private Placement of Up to CAD 31.9 Million

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