Entree Gold cuts third quarter loss as it scales back Mongolian exploration | CanadianBusiness.com: "VANCOUVER - Entree Gold Inc. (TSX:ETG) cut its net loss by nearly half in the third quarter as the Vancouver-based gold explorer cut its exploration expenses in Mongolia.
The company reported Friday it lost US$3.5 million or three cents a share for the three months ended Sept. 30.
That compared with a loss of US$6.5 million or six cents a year earlier.
In another development later Friday, the company said it plans to raise C$12.5 million by issuing common shares to investors.
The money will be used to finance exploration and development of mine projects in Nevada and Mongolia."
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