On January 13, 2017, Entrée Gold Inc. (TSX:ETG) closed the transaction. The company issued 1,219,513 units and received CAD 500,000 in its second tranche closing. The securities issued in the first tranche are subject to a hold period expiring May 14, 2017. The company has raised CAD 308,326 from 15 investors pursuant to exemption provided under Regulation D.