New Issue: Exeter concludes sale of units for C$7.77 million

By Sheri Kasprzak

New York, Dec. 21 - Exeter Resource Corp. said it has wrapped a private placement for C$7,773,134.

The company sold 5,979,334 units at C$1.30 each.

The units are comprised of one share and one half-share warrant. The full warrants are exercisable at C$1.70 each for one year.

The investors in the offering included Jeff Willis, Scott Hunter, Batell Investments Ltd., Wendie Elliot, David Elliot, Etta Shepherd, Stephanie Weterings, Tom Cunnigham, Dorothy Atkinson and Bolder Opportunities II LP.

Based in Vancouver, B.C., Exeter is a gold-silver and porphyry copper-gold exploration company.

Issuer:	Exeter Resource Corp.
Issue:	Units of one share and one half-share warrant
Amount:	C$7,773,134
Units:	5,979,334
Price:	C$1.30
Warrants:	One half-share warrant per unit
Warrant expiration:	One year
Warrant strike price:	C$1.70
Investors:	Jeff Willis, Scott Hunter, Batell Investments Ltd., Wendie Elliot, David Elliot, Etta Shepherd, Stephanie Weterings, Tom Cunnigham, Dorothy Atkinson and Bolder Opportunities II LP
Settlement date:	Dec. 20
Stock price:	C$1.60 at close Dec. 20

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