Entree Resources to Raise CA$31.9 Million Via Non-Brokered Private Placement

10:21 AM EDT, 10/20/2026 (MT Newswires) -- Entree Resources (ETG.TO) plans to raise CA$31.9 million through a non-brokered private placement, it said in a statement on Tuesday. The offering will consist of the issuance of up to 11-million units at CA$2.90 apiece. Each unit will consist of one common share and one three-year warrant, with each warrant entitling the holder to buy a share for CA$3.95. Entree also entered into an agreement with the strategic investor, who will receive participation rights to maintain its pro rata ownership interest in subsequent equity issuances. If the strategic investor reaches and maintains an ownership threshold of 15% of the company's issued and outstanding common shares, it will have the right to nominate one individual to the company's board of directors, it added. Proceeds are expected to be used for general corporate needs. Shares of the company were last seen down 3.3% at CA$2.93 on the Toronto Stock Exchange. Price: 2.93, Change: -0.10, Percent Change: -3.30