By Sheri Kasprzak
Atlanta, April 19 - Exeter Resource Corp. has completed a downsized private placement for C$2,289,200.
The company sold 1,907,667 units at C$1.20 each.
The units include one share and one half-share warrant. The full warrants allow for an additional share at C$1.35 each for one year.
The offering was first announced March 18 as a C$2.64 million deal comprised of up to 2.2 million units under the same terms.
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.
|
| Issue: | Units of one share and one half-share warrant
|
| Amount: | C$2,289,200
|
| Units: | 1,907,667
|
| Price: | C$1.20
|
| Warrants: | One half-share warrant per unit
|
| Warrant expiration: | One year
|
| Warrant strike price: | C$1.35
|
| Pricing date: | March 18
|
| Settlement date: | April 18
|
| Stock price: | C$1.20 at close March 18
|
| Stock price: | C$1.18 at close April 18
|
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