Entrée Resources Ltd., a mining company based in Vancouver, British Columbia, has disclosed plans for a non-brokered private placement. The company aims to offer up to 11,000,000 units, each comprising a share and a warrant, to potential investors at a price determined at the time of closing. The funds raised from this capital initiative are expected to be utilized for further development and exploration projects, as well as general corporate purposes. The company is listed on the Toronto Stock Exchange under the symbol ETG and on the OTCQB under ERLFF. The private placement will not be available to United States investors, as indicated in the announcement.
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