On November 26, 2007, Entrée Gold Inc. (TSX:ETG; AMEX:EGI; Frankfurt:EKA) announced the closing of a bought-deal offering of 10,000,000 common shares at a price of $3.00 per common share for gross proceeds of $30 million. Two existing shareholders also exercised their pre-emptive rights in full to acquire an aggregate of 4,428,640 common shares, for additional gross proceeds of $13,285,920. The proceeds will be used to finance any future property acquisitions that Entrée's board of directors deem appropriate, for exploration and development of Entrée's Lookout Hill property in Mongolia and for general corporate purposes.
Susan E. McLeod advised Entrée in this transaction.