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Entree Resources Ltd T.ETG

Alternate Symbol(s):  ERLFF

Entree Resources Ltd. is a Canadian mining company. The Company is focused on the development and exploration of mineral property interests. The Company is principally focused on its Entree/Oyu Tolgoi JV Property in Mongolia. The Entree/Oyu Tolgoi joint venture property includes Lift 1 and Lift 2 of the Hugo North Extension copper-gold deposit, the Heruga copper-gold-molybdenum deposit, and a large underexplored, highly prospective land package. The Oyu Tolgoi project comprises two separate land holdings: the Entree/Oyu Tolgoi JV Property, which is a partnership between Entree and OTLLC, and the Oyu Tolgoi mining license, which is held by OTLLC. The Entree/Oyu Tolgoi JV Property comprises the eastern portion of the Shivee Tolgoi mining license and all the Javhlant mining license. The Company has a 56.53% interest in the Blue Rose Joint Venture. The Company has an interest in acquiring a 0.5% net smelter return royalty on the Canariaco copper project in Northern Peru.


TSX:ETG - Post by User

Comment by Countrygenton Apr 13, 2024 8:57am
172 Views
Post# 35987297

RE:AGM cancel

RE:AGM cancel

It's only the date they cancelled so far.  Yes the AGM must still be held, normally within 13 months of the preceding meeting, but the time can be extended, IF the Company continues.  If the company is sold, there is no need for another AGM as the shareholders will no longer have an interest except in agreed consideration in return for surrender of their shares.

Nobody is suggesting any non-compliance.  So far all we know is they cancelled the scheduled date prior to providing formal notice of the meeting and a normal annual proxy circular.

If a Special General Meeting is required with resolutions to approve a specific transaction and it approves a change of control ... such as a takeover bid, or an arrangement resulting in amalgamation or wind-up, the Company could potentially never be required to hold another AGM.  All mere speculation at this point.  Maybe they are just shifting the date, maybe there is big news imminent.

cg

 

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