Rio Tinto buying at Entree Resources (ETG)

Rio Tinto buying at Entree Resources (T:ETG)

Rio Tinto plc, a 10% Holder, acquired 875,000 Common Shares on an indirect ownership basis for registered holder Rio Tinto International Holdings Limited at a price of $0.430 through a prospectus or prospectus exempt offering on September 14th, 2020. The insider also acquired 437,500 Warrants with an exercise price of $0.600 for 3 years. This represents a $376,250 investment into the company's shares and an account share holdings change of 2.8%.

Entree Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Entree Resources Ltd, formerly Entree Gold Inc., is a Canada-based mineral exploration company with a carried joint venture interest in copper-gold projects the Oyu Tolgoi project in Mongolia. The Entree/Oyu Tolgoi Joint Venture Property includes the Hugo North Extension and Heruga copper-gold deposits, as well as underexplored land package. The Company has approximately 30% carried interest in all mineralization identified above 560 meters' elevation, and approximately 20% carried interest in all mineralization extracted below 560 meters' elevation from the Entree/Oyu Tolgoi Joint Venture Property.