By Sheri Kasprzak
Atlanta, March 18 - Exeter Resource Corp. said it intends to raise up to C$2.64 million in a non-brokered private placement.
The offering includes up to 2.2 million units at C$1.20 each.
The units consist of one share and one half-share warrant. The whole warrants allow for an additional share at C$1.35 each for one year.
Based in Vancouver, B.C., Exeter is a gold-silver and porphyry copper-gold exploration company. It plans to use the proceeds for exploration and development of its properties in Argentina. The remainder will be used for working capital.
| Issuer: | Exeter Resource Corp.
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| Issue: | Units of one share and one half-share warrant
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| Amount: | C$2.64 million
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| Units: | 2.2 million
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| Price: | C$1.20
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| Warrants: | One half-share warrant per unit
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| Warrant expiration: | One year
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| Warrant strike price: | C$1.35
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| Pricing date: | March 18
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| Stock price: | C$1.20 at close March 18
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