Entrée Gold Inc. (TSX:ETG) agreed to spin-off Ann Mason and Lordsburg projects on February 28, 2017. The Plan of Arrangement has been entered into on March 8, 2017. Under the terms of the transaction, the shareholders will receive one new share of Entree and 0.45 of a Mason common share. Ann Mason and Lordsburg projects spin off entity will be known as Mason Resources Corp. The transaction is subject to approval by the Board of Entree, approval by a minimum vote of 66 2/3% shareholders of Entree, listing of new shares on Toronto Stock Exchange and the Supreme Court of British Columbia. The transaction received unanimous approval by the Board of Entree. The deal was approved by shareholders of Entrée Gold Inc. on May 1, 2017. The TSX has conditionally approved the listing of the Mason Common Shares under the trading symbol "MNR". Mason will not be listed on the NYSE MKT or Frankfurt Stock Exchange. On or about May 10, 2017, it is anticipated the TSX will issue a bulletin in respect of the commencement of trading of the Mason Common Shares, under the symbol "MNR". The spin-out transaction remains subject to final court approval and acceptance from the Toronto Stock Exchange. The transaction is expected to close on May 30, 2017. As of March 24, 2017, the transaction is expected to close on or about May 9, 2017. The transaction is expected to give scope to potential value accretive and synergistic acquisitions. Randy Morphy and Kent Kufeldt of Borden Ladner Gervais LLP acted as legal advisors for Entrée Resources Ltd.