Entrée GOLD Closes Second Tranche of Non-Brokered Private Placement
ENTRÉE GOLD CLOSES SECOND TRANCHE OF
NON-BROKERED PRIVATE PLACEMENT
Vancouver, B.C., January 13, 2017 – Entrée Gold Inc. (TSX:ETG; NYSE MKT:EGI; Frankfurt:EKA -
"Entrée" or the "Company ") is pleased to announce that it has closed the second and final
tranche of the non-brokered private placement announced on December 15, 2016 (the
"Financing").
The Company has issued a further 1, 219,513 units at a price of C$0.41 per unit, for additional
gross proceeds of C$500,000. In total, the Company issued 18,529,484 units for aggregate gross
proceeds of C$7,597,088.44. The first tranche closed on January 11, 2017 (see Company’s news
release of same date).
Each unit (a "Unit") consists of one common share of the Company and one -half of one
transferable common share purchase warrant (each whole warrant, a "Warrant" ). Each Warrant
will entitle the holder to acquire one additional common share of the Company (a "Warrant
Share") at a price of C$0.65 per share for a period of 5 years . No commissions or finders’ fees
are payable in connection with the F inancing. The securities issued in connection with th e
second tranche of the Financing are subject to a hold period expiring May 14, 2017.
The Units and Warrant Shares have not been, and will not be registered under the United States
Securities Act of 1933, as amended, or state securities laws and may not be offered or sold
within the United States or to, or for the account or benefit of, U.S. persons absent U.S. federal
and state registration or an applicable exemption from the U.S. registration requirements. This
news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States.
ABOUT ENTRÉE GOLD INC.
Entrée Gold Inc. is a Canadian mineral exploration company balancing opportunity and risk with
key assets in Mongolia and Nevada. As a joint ven ture partner with a carried interest on a
portion of the Oyu Tolgoi mining project in Mongolia, Entrée has a unique opportunity to
participate in one of the world’s largest copper- gold projects managed by one of the premier
mining companies – Rio Tinto. O yu Tolgoi, with its series of deposits containing copper, gold
and molybdenum, has been under exploration and development since the late 1990s.
Additionally, Entrée has also been advancing its Ann Mason project in one of the world’s most
favourable mining jurisdictions, Nevada. The Ann Mason project hosts the Ann Mason copper -
molybdenum deposit as well as the Blue Hill copper deposit within the rejuvenated Yerington
copper camp.
Sandstorm Gold, Rio Tinto and Turquoise Hill Resources are major sharehold ers of Entrée,
holding approximately 14%, 10% and 8% of issued and outstanding shares, respectively.
FURTHER INFORMATION
Monica Hamm
Senior Manager, Investor Relations &
Corporate Communications
Entrée Gold Inc.
Tel: 604-687-4777
Fax: 604-687-4770
Toll Free: 866-368-7330
E-mail: mhamm@entréegold.com
This news release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995
and forward-looking information within the meaning of applicable Canadian securities laws with respect to the Financing, corporate strategies
and plans; and other matters that may occur in the future.
While the Company has based these forward- looking statements on its expectations about future events as at the date that such statements
were prepared, the statements are not a guarantee of Entrée’s future performance and are based on numerous assumptions regarding present
and future business strategies, local and global economic conditions, commodity prices, legal proceedings and negotiations and the environment
in which the Company will operate in the future, including the status of the Company’s relationship and interaction with the Government of
Mongolia, Oyu Tolgoi LLC, Rio Tinto and Turquoise Hill Resources. Important risks, uncertainties and factors which could cause actual results to
differ materially from future results expressed or implied by forward -looking statements and information include, amongst others, whether the
size, grade and continuity of deposits and resource and reserve estimates have been interpreted correctly from exploration re sults; the
Company’s ability to obtain all necessary regulatory, court and shareholder approvals of a spin-out of its U.S. assets into a separate company and
list that company on one or more stock exchanges; whether the results of preliminary test work are indicative of what the results of future test
work will be; fluctuations in commodity prices and demand; changing foreign exchange rates; actions by Rio Tinto, Turquoise Hill Resources
and/or Oyu Tolgoi LLC and by government authorities including the Government of Mongolia; the availability of funding on reasonable terms; the
impact of changes in interpretation to or changes in enforcement of, laws, regulations and government practices, including laws, regulations and
government practices with respect to mining, foreign investment, royalties and taxation; the terms and timing of obtaining necessary
environmental and other government approvals, consents and permits; the availability and cost of necessary items such as powe r, water, skilled
labour, transportation and appropriate smelting and refining arrangements; and misjudgements in the course of preparing forward- looking
statements. In addition, there are also known and unknown risk factors which may cause the actual results, performance or achievements of the
Company to be materially different from any future r esults, performance or achievements expressed or implied by the forward- looking
statements and information. Such factors include, among others, risks related to international operations, including legal and political risk in
Mongolia; risks associated with changes in the attitudes of governments to foreign investment; risks associated with the conduct of joint
ventures; discrepancies between actual and anticipated production, mineral reserves and resources and metallurgical recoveries; global financial
conditions; changes in project parameters as plans continue to be refined; inability to upgrade Inferred mineral resources to Indicated or
Measured mineral resources; inability to convert mineral resources to mineral reserves; conclusions of economic evaluatio ns; future prices of
copper, gold, silver and molybdenum; failure of plant, equipment or processes to operate as anticipated; accidents, labour di sputes and other
risks of the mining industry; delays in obtaining government approvals, permits or licences o r financing or in the completion of development or
construction activities; environmental risks; title disputes; limitations on insurance coverage; as well as those factors des cribed in the Company’s
most recently filed Management’s Discussion and Analysis and in the Company’s Annual Information Form for the financial year ended December
31, 2015, dated March 30, 2016 filed with the Canadian Securities Administrators and available at www.sedar.com. Although the Company has
attempted to identify important factors that could cause actual actions, events or results to differ materially from those de scribed in forward-
looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be
no assurance that forward- looking statements will prove to be accurate, as actual results and future events could differ materially from those
anticipated in such statements. Accordingly, readers should not place undue reliance on forward- looking statements. The Company is under no
obligation to update or alter any forward-looking statements except as required under applicable securities laws.