09:47:49 EDT Thu 19 Jul 2018
Enter Symbol
or Name

Exeter Resource Corp
Symbol C : XRC
Shares Issued 93,157,753
Close 2017-07-28 C$ 1.93
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Exeter Resource holders approve Goldcorp arrangement

2017-07-31 15:04 ET - News Release

Mr. Jason Attew reports


At its special meeting of shareholders held July 31, 2017, holders of common shares of Exeter Resource Corp. approved the plan of arrangement, whereby Goldcorp Inc. will acquire all of the issued and outstanding Exeter shares (other than those already held by Goldcorp).

A special resolution approving the arrangement was approved by approximately 99.8 per cent of the votes cast at the meeting, in person or by proxy, by Exeter shareholders and approved by 99.79 per cent of the votes cast at the meeting, in person or by proxy, by Exeter shareholders, excluding the votes cast in respect of Exeter shares held by interested parties required to be excluded pursuant to applicable securities law.

On closing of the arrangement, Exeter shareholders (other than Goldcorp) will receive 0.12 common share of Goldcorp for each Exeter share held.

The arrangement is subject to final approval by the Toronto Stock Exchange and the Supreme Court of British Columbia. The court hearing for the final order to approve the arrangement is scheduled to take place on Aug. 1, 2017, and the completion of the arrangement is expected to occur on Aug. 2, 2017.

Additional information regarding the terms of the arrangement is set out in Exeter's management information circular dated June 27, 2017, which is available under Exeter's profile.

About Exeter Resource Corp.

Exeter is a Canadian mineral exploration company focused on the exploration and development of the Caspiche project in Chile. Caspiche is well located in Chile's Maricunga district, which has good infrastructure and is in close proximity to other large-scale mining operations and projects in development.

We seek Safe Harbor.

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