09:04:51 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Exeter Resource Corp
Symbol XRC
Shares Issued 90,005,253
Close 2017-05-19 C$ 2.24
Market Cap C$ 201,611,767
Recent Sedar Documents

Exeter reminds shareholders of Goldcorp bid expiry

2017-05-23 08:27 ET - News Release

Also News Release (C-G) Goldcorp Inc (2)

An anonymous director of Exeter reports

GOLDCORP'S OFFER FOR OUTSTANDING SHARES OF EXETER - UPCOMING EXPIRY REMINDER

Exeter Resource Corp. reminds shareholders of the upcoming expiry on May 26, 2017, at 5 p.m. Toronto time of the previously announced offer by Goldcorp to Exeter shareholders to acquire all of the issued and outstanding common shares of Exeter in exchange for common shares of Goldcorp. If all the conditions of the offer are satisfied or waived, holders of Exeter shares that accept the offer will receive 0.12 of a Goldcorp share in exchange for each Exeter share acquired by Goldcorp. Exeter urges shareholders to submit their tender instructions well in advance of the expiry deadline.

Key reasons to tender:

  • 67-per-cent premium over the last trading price of the Exeter shares the day before the announcement of the offer;
  • Continued participation in Exeter's Caspiche project;
  • Unanimous Exeter board recommendation;
  • Greater liquidity and ownership in an industry leader;
  • Exposure to Goldcorp's high-quality asset portfolio and growth profile;
  • Disciplined and focused management team in place with a proven record of value creation;
  • Financial capacity to secure the future of the Caspiche project;
  • Eliminates single asset, country operating and financial risks.

To accept the offer you must tender your shares prior to the expiry on May 26, 2017, at 5 p.m. Toronto time.

How to tender

Registered shareholders who wish to accept the offer must properly complete and execute the letter of transmittal and deposit it, prior to the expiry time, together with certificate(s) representing the Exeter shares in respect of which the offer is being accepted.

Non-registered shareholders whose Exeter shares are held through an investment dealer, bank, trust company or other intermediary should immediately contact that intermediary advising of their instructions to tender their shares to the offer. Non-registered shareholders should note that their intermediary's deadline will likely be prior to the expiry time of the offer. Non-registered shareholders are advised to contact their intermediaries immediately in order to submit their instructions to the offer.

The full details of the offer are set out in the takeover bid circular and accompanying offer documents, which are available on SEDAR under Exeter's profile. Goldcorp also concurrently filed with the Securities and Exchange Commission (the SEC) a registration statement on Form F-10, which contains a prospectus relating to the offer, and a tender offer statement on Schedule TO. Exeter has filed with the SEC a Schedule 14D-9 related to the offer and Exeter's directors' circular dated April 20, 2017. Materials filed with the SEC are available electronically without charge at the SEC's website. Documents may also be obtained free of charge from the offeror by contacting the information agent, Kingsdale Advisors, at 1-866-851-2743.

This news release is not a substitute for the offer documents, the prospectus, the registration statement, the Schedule TO or the Schedule 14D-9. Exeter shareholders and other interested parties are urged to read these documents, all documents incorporated by reference, all other applicable documents and any amendments or supplements to any such documents because each will contain important information about Goldcorp, Exeter and the offer.

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.

About Goldcorp Inc.

Goldcorp is a senior gold producer focused on responsible mining practices with safe, low-cost production from a high-quality portfolio of mines.

We seek Safe Harbor.

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