RE: False info...Sounds like no veto...LinkThat reporter must have gotten it wrong.That isn't what ETG said in the release....see ETG stockhouse BB re: soldos....pasted below....see last paragraph.....
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Yarter, William Vernon 1981 M.S. Geology, geochemistry, alteration, and mass transfer in the Sol Prospect, a subeconomic porphyry copper-molybdenum deposit, Safford district, Graham County, Arizona 136p Guilbert, John M. Geology.
Entree Gold options Sol Dos copper prospect
2006-05-18 08:54 ET - News Release
Shares issued 70,628,926
ETG Close 2006-05-17 C$ 1.60
Mr. Greg Crowe reports
ENTREE ACQUIRES OPTION ON ARIZONA COPPER PROJECT
Entree Gold Inc. has secured an option to acquire the Sol Dos copper prospect, located in the prolific Safford district, of southeastern Arizona.
The early stage Sol Dos property is located strategically, near the intersection of two major mineral-bearing structural trends. The northwest trend defines one of the premier copper districts in the world, hosting Phelps Dodge's Lone Star, Dos Pobres, San Juan and Sanchez deposits, which collectively are reported to contain over two billion tons of leachable copper resources. The northeast-trending Morenci lineament hosts Phelps Dodge's Morenci mine, which is reported to contain in excess of 16 billion pounds of copper.
Greg Crowe, Entree president and chief executive officer, commented: "We have been reviewing new copper-gold opportunities worldwide, since the completion of our private placements to Rio Tinto PLC and Ivanhoe Mines Inc. in July, 2005. This agreement is evidence that our efforts are beginning to bear fruit."
Under the terms of the option agreement, which is subject to TSX Venture Exchange approval, Entree may earn a 100-per-cent interest in the Sol Dos property by spending $4-million on exploration over four years, and by making staged payments totalling $1-million in cash and 250,000 Entree shares. Entree's interest would be subject to a 2-per-cent net smelter returns royalty, one-half of which it may purchase.
Mongolian developments
Entree continues to monitor developments in Mongolia relating to the proposed imposition of an excess profits tax. The decision of the Mongolian President, who has the power to veto the legislation, is expected before month-end. Since its surprise approval last week, the legislation has been strongly criticized, worldwide. A number of mining and exploration companies, including Entree, have now held talks with various ministers of the Mongolian cabinet, in an effort to dissuade it from the onerous financial burden the legislation seeks to impose. The Mongolian National Mining Association, which represents Mongolian mining interests, has also mounted a strong campaign to fight the bill.
END PR from ETG.....
BJ2