Proactiveinvestors recommends
Additional Information
Market: TSX, AMEX
Sector: General Mining - Gold
EPIC: XRC
Latest Price: C$2.05  (0,00%)
52-week High: C$5.40
52-week Low: C$1.72
Market Cap: C$180.86M
1 year chart
digital-look imported chart image
1 day chart
digital-look imported chart image
Watchlist/Portfolio

Add to watchlist:

Only registered members can add into watchlist !

Register here !
Exeter Resource Corporation
www.exeterresource.com

Exeter, a Canadian exploration company, controls 100% of the world class Caspiche gold-copper discovery in Chile. The Company has a treasury of $74 million and no debt.

Full Exeter Resource Corporation profile here
Is XRC a Buy, Sell or Hold?Get your FREE analysis of XRC
Pdf

Exeter Resource to raise $50m for its Caspiche gold project in Chile

4th Oct 2010, 2:17 pm

Exeter Resource (AMEX:XRA, TSX:XRC, FSX:EXB) has entered into a financing agreement with Canaccord Genuity to raise approximately C$50 million for the company's 24.3 million ounce Caspiche gold disovery in Chile.

Under the terms of the bought deal financing, Exeter will sell 8.065 million common shares at a price of C$6.20 per share, for gross proceeds of C$50.003 million.

In addition, the company will grant the underwriter an over-allotment option, which can be used prior to the closing of the offering, to purchase up to an additional approximate 1.209 million common shares at C$6.20 per share to raise additional gross proceeds of up to around C$7.5 million.

Exeter intends to use the new funds to advance the company's Caspiche project, specifically to finance a project prefeasibility study, certain infrastructure contracts, drilling to facilitate advanced mine optimization studies, additional metallurgical testwork and process design studies, as well as follow-up drilling on exploration targets in the area.

The placement is expected to close around October 27, 2010 and is subject to certain closing conditions.

No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.