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Mason Resources Corp. (TSX:MNR; OTCQB: MSSNF – “Mason” or the “Company”) is pleased to report its financial results for the year ended December 31, 2017. All figures are in US dollars unless otherwise noted. As quoted in the press release: 2017 HIGHLIGHTS On May 9, 2017, Mason and Entrée Resources Ltd. (formerly Entrée Gold Inc. – “Entrée”) …
Mason Resources Corp. (TSX:MNR; OTCQB: MSSNF – “Mason” or the “Company”) is pleased to report its financial results for the year ended December 31, 2017. All figures are in US dollars unless otherwise noted.
As quoted in the press release:
2017 HIGHLIGHTS
On May 9, 2017, Mason and Entrée Resources Ltd. (formerly Entrée Gold Inc. – “Entrée”) completed a strategic reorganization of Entrée’s business through a plan of arrangement (the “Arrangement”). Pursuant to the Arrangement, Entrée transferred to Mason the Ann Mason copper-molybdenum project in Nevada and the Lordsburg copper-gold property in New Mexico, and $8.84 million in cash.
As part of the Arrangement, each existing share of Entrée was exchanged for 0.45 of a Mason common share and one “new” common share of Entrée. Optionholders and warrantholders of Entrée received replacement options and warrants of Entrée and options and warrants of Mason which are proportionate to, and reflective of the terms of, their existing options and warrants of Entrée.
