31 Jan 2025securities registration● Neutral
Entree Resources Ltd. filed notice of an exempt private placement.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
5 Sept 2023listing compliance notice▼ BadMajor
Entree Resources Ltd. deregistered its securities, ending its obligation to file reports with the SEC.
20 Sept 2019listing compliance notice▼ BadMajor
Entree Resources Ltd.'s securities were notified for removal from listing and registration on its exchange.
16 May 2017listing compliance notice● NeutralMajor
Entree Resources Ltd.'s exchange filed to remove a class of its securities from listing.
9 May 2017listing compliance notice▲ GoodMajor
the New York Stock Exchange certified Entree Resources Ltd.'s securities for listing, clearing them to begin trading.
23 Jan 2017securities registration● Neutral
Entree Resources Ltd. filed notice of an exempt private placement.
9 June 2014securities registration● Neutral
Entree Resources Ltd. filed notice of an exempt private placement.
9 Dec 2011securities registration● Neutral
Entree Resources Ltd. filed notice of an exempt private placement.
18 July 2005listing compliance notice▲ GoodMajor
the American Stock Exchange certified Entree Resources Ltd.'s securities for listing, clearing them to begin trading.
11 July 2005capital raising announcement▲ GoodMajor
The private placement announced in June closed on July 7, 2005: 7,542,410 units at CDN$2.20 for gross proceeds of CDN$16,593,302, of which Kennecott Canada (Rio Tinto) took 6,306,921 units and Ivanhoe took 1,235,489 units under its pre-emptive right. Ivanhoe also exercised warrants for a further 4.6 million shares and now holds 10,435,489 shares (about 16%); a finder's fee of about CDN$555,000 is owed to Immoalp s.a. The company says the financing plus the warrant exercise puts about CDN$22 million into its treasury, resolving the June placement thread.
8 July 2005director interest notice● Neutral
Rio Tinto PLC became a Entree Resources Ltd. 10%+ owner and company insider (initial ownership filing).
29 June 2005capital raising announcement▲ GoodMajor
On June 27, 2005 Ivanhoe Mines exercised 4.6 million warrants at CDN$1.10 (first acquired in November 2004), taking its stake to about 16.4%, and said it will use its pre-emptive right in the Rio Tinto unit placement at CDN$2.20. The company also reported strong copper mineralization in drill hole EGD016C at Copper Flats, which it says appears to be part of a continuous zone of high-grade copper and gold; the filing says more infill drilling is needed to confirm geometry and grade.
22 June 2005material agreement▲ GoodMajor
On June 19, 2005 the company agreed to sell Kennecott Canada Exploration Inc., a Rio Tinto subsidiary, an initial 5,665,730 units at CDN$2.20 each (gross CDN$12,464,606), each unit being one share plus A and B warrants. Proceeds are intended for drilling and other exploration in Mongolia and working capital. Kennecott also gets top-up and pre-emptive rights, a promise to vote as the board directs for up to four years on certain matters, and a right of first refusal on an interest in the Ulziit Uul exploration licence; the deal still needs Canadian regulatory approval and could trigger Ivanhoe's anti-dilution rights.
15 June 2005capital raising announcement● Neutral
On June 9, 2005 the company granted options on 2,545,000 shares to 24 directors, officers, employees and consultants at CDN$1.75, exercisable until June 9, 2010, which could dilute existing shareholders if exercised. Its shares also began trading on the Frankfurt Stock Exchange on June 10, 2005 (symbol EKA), and the company's incorporation is now shown as British Columbia rather than Yukon Territory.
31 May 2005capital raising announcement● Neutral
On May 24, 2005 the company hired Martin Robert Griesdorf for as-needed investor relations support in the United States for 12 months, either side able to end it at any time. As part of this it granted him options on 75,000 shares at CDN$1.48, exercisable until May 24, 2010 and vesting monthly over 12 months. This is a small potential dilution, not a cash raise.
What it means for a shareholder
75,000 new shares at C$1.48 to raise about C$111,000. Shares on issue before the raise aren't in the record, so the dilution can't be worked out.
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25 May 2005material agreement● Neutral
Entrée Gold Inc. (the registrant's name in this filing) signed a 5-year lease on May 12, 2005 for about 2,250 square feet of office space in Vancouver from Alberni Investments (1988) Inc. Rent is CDN$2,625 per month in years one to three and CDN$2,812.50 per month in years four and five, and the space will be used for day-to-day operations. This is a small, routine office commitment.
1 Apr 2005late filing notice▼ Bad
Entree Resources Ltd. notified the SEC that its annual report would be filed late.