Entr e Receives Green Light for Merger with PacMag Metals

by Zagros on June 15, 2010

VANCOUVER, June 15 /PRNewswire-FirstCall/ – Entrée Gold Inc. (TSX:ETG; NYSE AMEX:EGI; Frankfurt:EKA – “Entrée” or the “Company”) is pleased to announce that the Federal Court of Australia has approved the schemes of arrangement (“Schemes”) between PacMag Metals Limited (“PacMag”) and its shareholders and optionholders to effect a merger between PacMag and Entrée (“Transaction”).
All conditions as set out in the Scheme Implementation Agreement have been satisfied and the Schemes are now unconditional. It is anticipated that the Court Orders approving the Schemes will be lodged with the Australian Securities and Investment Commission on June 16, 2010, which will be the date the Schemes become effective.
The Transaction is expected to close on June 30, 2010. The record date for determining PacMag shareholders and optionholders entitled to receive consideration under the terms of the Schemes is June 23, 2010.

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