Capital Financing
Entrée Resources closes oversubscribed C$36,207,370 non-brokered private placement of units
Amount raised
C$36,207,370
Issue price
C$2.90 per Unit
Securities issued
12,485,300 Units
Summary
Entrée Resources Ltd. has closed its oversubscribed non-brokered private placement announced on October 20, 2026. The Company issued 12,485,300 units at a price of C$2.90 per Unit for gross proceeds of C$36,207,370. Each Unit consists of one common share and one common share purchase warrant, with each Warrant entitling the holder to purchase one additional common share at C$3.95 per share for three years. The Company states that, due to strong demand, it agreed to increase the size of the financing to raise an additional C$4.3 million.
Offer terms
| Term | Detail |
|---|---|
| Instrument | Units, each consisting of one common share and one common share purchase warrant |
| Price | C$2.90 per Unit |
| Attaching options or warrants | Each Warrant entitles the holder to purchase one additional common share at a price of C$3.95 per share for a period of three years |
| Shareholder approval | The Company states that Insiders’ participation is exempt from the formal valuation and shareholder approval requirements under Multilateral Instrument 61-101 |
Use of proceeds
- Net proceeds are expected to be used for general corporate purposes
- Funding the preparation of the Company’s updated Technical Report in respect of its interest in the Entrée/Oyu Tolgoi joint venture property
- Increasing the Company’s presence in Mongolia
- Potentially refunding a portion of the deposit and reducing the metal credits the Company is required to deliver under its Equity Participation and Funding Agreement with International Royalty Corporation upon the resolution of all outstanding issues in Mongolia
Source: Entrée Resources announcement dated 4 November 2026. This page summarises information from the company's public announcement and is provided for general information only. It is not financial product advice, a recommendation or an offer, and it does not take into account any person's objectives, financial situation or needs. Figures and terms are taken from the announcement and may be incomplete or may have changed since publication. Refer to the original announcement for full details. Kamoa Capital has not independently verified the information.
