Feb 28 (Reuters) - Entree Gold Inc ETG.TO :
* Entree Gold announces spin-out of U.S. projects
* Entrée's Ann Mason and Lordsburg projects will be transferred to a newly incorporated company, Mason Resources Corp
* Shareholders of Entrée will receive common shares in Mason in proportion to their shareholdings in Entrée
* There will be no change to shareholders' existing interests in Entrée
* Entree Gold - Entrée currently has a treasury of approximately US$18.5 million, of which US$8.75 million will be transferred to Mason as part of arrangement
* Mason will initially be managed by Entrée's current team of officers
* Entree Gold - Board of Mason will consist of four directors who currently sit on Entrée board, at least one new director who is independent of Entrée Source text for Eikon: ID:nCCN6j7C5N Further company coverage: ETG.TO