Entree Resources Ltd T.ETG

ETG/HCU vote designation has changed

[thasis]

I have had it confirmed by one of my partners that Horizon Copper a 25 % stake holder of Entree is no longer compelled to vote as instructed by Entree.( This was a requirement of the original Sandstorm deal) To me this is very good news. The CEO of Entree although bound with certain duties to shareholders has a previous lenghty career with Rio Tinto which raised red flags for me when the final deal was/is struck. Horizon Copper having a 25% vote now has complete independence and therefore is truly looking out for the best outcome as a shareholder. Long term holders especially you Country Gent should hopefully be soon seeing a conclusion to this long adventure. Light at the end of the tunnel as they .Stay tuned. Show me the money $$$$

[Tardis]

On February 14, 2013, Entre entered into an Equity Participation and Funding Agreement (the “2013 Agreement”) On March 1, 2016, Entre and Sandstorm entered into an Agreement to Amend, The 2013 Agreement provided for a partial refund of the Deposit and a pro rata reduction in the number of metal credits deliverable to Sandstorm in the event of a partial expropriation of Entre’s economic

[thasis]

Yes Tardis that announcement what what raised my initial concern. However in the Sandstorm/HCU negoitation a new agreement was made and they are no longer bound by the same terms. It was confirmed as I mentioned by my partner who contacted Sandstorm directly.

[Countrygent]

I agree SSL drove through a massive hole in the fence on their voting obligations with the HCU setup.   As for ETG management I'd give them the benefit of the doubt until proven otherwise.  Here is potentially a good example of the alignment of interests generated by an options plan.  I've spoken to Scott about Rio and his views and he didn't sound like he felt very

[thasis]

Fair game on ETG board CG. It maybe my longer bitter memory as still licking my perceived wounds from TRQ/RIO butt kicking. Here's to a clean slate and a better outcome. Cheers

[Tardis]

I agree SSL drove through a massive hole in the fence on their voting obligations with the HCU setup.   Wow, not required to vote with ETG MGT that's not considered material change? We likely get Alien disclosure long before we ever get any material disclosure from these actors! Tight Lines Gilly

[Countrygent]

The devil was in the details of the heirs, successors, assigns language in the SSL private placement, and the tricky non-affiliate set up of HCU ... ya wonder why SSL financed and took back debt not a full load of equity?  Nolan playing I'm smarter than you? I never liked the SSL principals taking down personal ETG positions once SSL had taken an equity interest, nor did the doubling