Exeter Resource Corp. Ordinary Shares (Canada) (XRA) Quote

XRA buyout 1.83

to be acquired by Goldcorp









normal chart




log chart

I was in...and are still in with some shares....so therefore I have a question to a maybe better informed investor then me

WHY the share price actually is about 1.76 with a low from even 1.72 yesterday?

As I know, the Price what the aquirer will pay is about 1.91/1.92 (exchanging from canadian to us dollar)

anyone?

regards

mickyboy

Good luck to all that held this stock.
To bad I was not on it.

Good luck to all that held this stock.
To bad I was not on it.

Exeter to be Acquired by Goldcorp







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Exeter Resource Corp. Ordinary Shares (Canada) (AMEX:XRA)
Intraday Stock Chart

Today : Tuesday 28 March 2017
Click Here for more Exeter Resource Corp. Ordinary Shares (Canada) Charts.

Exeter Resource Corporation (NYSE-MKT:XRA) (TSX:XRC) (Frankfurt:EXB) (“Exeter” or the “Company”) is pleased to announce that it has entered into a definitive agreement (the "Agreement") with Goldcorp Inc. (NYSE:GG) (TSX:G) ("Goldcorp"), whereby Goldcorp will acquire all of the outstanding shares of Exeter under a plan of arrangement for consideration of 0.12 of a Goldcorp share for each Exeter share, which represents a value equivalent to C$2.58 per Exeter share, based on the closing price of Goldcorp shares on the TSX on March 27, 2017, and total consideration of C$247 million.


This represents a premium of 67% on the Exeter shares based on the closing prices of both companies common shares on the TSX on March 27, 2017 and a 60% premium based on Goldcorp’s and Exeter’s 20-day TSX volume weighted average trading price ending on March 27, 2017.

Exeter's Board of Directors has unanimously approved the transaction and recommends that Exeter shareholders vote in favour of the arrangement. All of the directors and officers of Exeter, who own or control approximately 8.4% of Exeter's issued and outstanding shares, have entered into support agreements with Goldcorp pursuant to which they have agreed, among other things, to support the transaction and vote their Exeter shares in favour of the arrangement.

Scotiabank and Paradigm Capital Inc., have provided opinions to the Exeter Board of Directors and the special committee of independent directors of Exeter, respectively, that as of the date of such opinions and subject to the assumptions, limitations, and qualifications stated in such opinions, the consideration to be received by the Exeter shareholders under the transaction is fair, from a financial point of view, to the Exeter shareholders (other than Goldcorp and its affiliates).

Benefits to Exeter Shareholders
•Secures immediate value appreciation for Exeter shareholders, eliminating the burden of future dilution as would be necessary to move the Caspiche project forward.


•Based on March 27, 2017 closing prices, the 0.12 of a Goldcorp share offered for each Exeter share represents
- Total consideration of approximately C$247 million, or C$2.58 per share.
- Premium of 67% to Exeter's closing share price on March 27, 2017.
- Premium of 60% to the volume weighted average trading price of Exeter shares on the TSX for the 20-day period ending on March 27, 2017.
•Goldcorp is the world's fourth largest gold producer, with high-quality, low-cost production and an investment grade balance sheet.


•Conversion of Exeter shares to Goldcorp shares provides exposure to Goldcorp's portfolio of diversified, world-class assets in low political risk jurisdictions.


•Goldcorp with its joint venture partner in the Maricunga Gold Belt, Barrick Gold Corporation (TSX:ABX) (NYSE:ABX) have the technical and financial capability to advance the Caspiche project to production at a scale commensurate with the size of the available resources.

Co-Chairman of Exeter, Yale Simpson stated, “Since the discovery of Caspiche in 2007, our team successfully delineated and technically advanced one of the largest gold – copper deposits in the Americas. While advancing the near surface 1.7 million ounce gold oxide open pit is a sensible starter option for Exeter, the enormous scope of the Caspiche gold-copper sulphide project requires both the capital and technical expertise of a major mining company to unlock its true value. Goldcorp, a leading gold producer with a strong track record of responsible mining is both capable and motivated to develop a mine at Caspiche. Exeter shareholders receive an immediate, attractive premium in this transaction. Through the Goldcorp shares received they retain their exposure to the Caspiche project, but without the adherent financial risk that would challenge Exeter.”


Closing of the transaction is subject to various conditions, which are standard for a transaction of this nature, including receipt of Exeter shareholder, court and regulatory approval. Full details of the transaction will be set out in Exeter's information circular that it will prepare in respect of the meeting of shareholders to approve the transaction, to be held on or before May 31, 2017. Exeter intends to mail the information circular by mid-April, 2017. The transaction is expected to close no later than June 30, 2017.

Pursuant to the arrangement, Exeter is subject to customary non-solicitation covenants. In the event a superior proposal is made to Exeter, Goldcorp has the right to match such proposal. Under certain circumstances where the transaction is not completed, Exeter has agreed to pay a termination fee of C$8.65 million to Goldcorp.

Exeter has engaged Scotiabank as its financial advisor and Gowling WLG (Canada) LLP in Canada, Dorsey & Whitney LLP in the United States, and Bofill Mir & Álvarez Jana in Chile as its legal advisors in connection with the transaction.

Copies of the Agreement, support agreements, management information circular, when available, and certain related documents will be filed with securities regulators and will be available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

None of the securities to be issued pursuant to the Arrangement Agreement have been, or will be registered under the United State Securities Act of 1933, as amended (the “U.S. Securities Act”), or any applicable securities law of any state of the United States and may not be offered or sold in the United States or to, or for the account or benefit of a U.S. person, absent such registration or an exemption therefrom. It is anticipated that any securities to be issued under the Arrangement will be offered and issued in reliance upon the exemption from such registration requirements provided by Section 3(a)(10) of the U.S. Securities Act and pursuant to applicable exemptions under state securities laws. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. “United States” and “U.S. person” are as defined in Regulation S under the U.S. Securities Act.

About Exeter Resource Corporation:

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:

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

For further information about Goldcorp, please visit their website at www.goldcorp.com

On behalf of Exeter Resource Corp,
Mr. Wendell M. Zerb, P. Geol
President & Chief Executive Officer

Safe Harbour Statement – This news release contains “forward-looking information” and “forward-looking statements” (together, the “forward-looking statements”) within the meaning of applicable securities laws and the United States Private Securities Litigation Reform Act of 1995, including in relation to management's assessment of the benefits to shareholders of the proposed transaction with Goldcorp, anticipated mailing and meeting days, timing for completion of the transaction, the Company’s belief as to the potential significance of water discovered and the potential to utilize the desalinated water secured under option, the timing and completion of a new preliminary economic assessment or other studies for the advancement of Caspiche, including a production decision on the oxide project, the potential to establish new opportunities for the advancement of Caspiche, results from the 2014 PEA including estimated annual production rates, capital and production costs or expected changes to such costs, water and power requirements and metallurgical recoveries, expected taxation rates, potential for securing water rights and adequate water and potential approval of water extraction, potential for reduced power costs, potential to acquire new projects and expected cash reserves. These forward-looking statements are made as of the date of this news release. Readers are cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the future circumstances, outcomes or results anticipated in or implied by such forward-looking statements will occur or that plans, intentions or expectations upon which the forward-looking statements are based will occur. While the Company has based these forward-looking statements on its expectations about future events as at the date that such statements were prepared, the statements are not a guarantee that such future events will occur and are subject to risks, uncertainties, assumptions and other factors which could cause events or outcomes to differ materially from those expressed or implied by such forward-looking statements. Such factors and assumptions include, among others, the receipt of all shareholder and regulatory approvals, no undue delays with respect to the transaction, effects of general economic conditions, the price of gold, silver and copper, changing foreign exchange rates and actions by government authorities, uncertainties associated with negotiations and misjudgments in the course of preparing forward-looking information. In addition, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by the forward-looking statements. Known risk factors include risks associated with failure to complete the transaction, project development; including risks associated with the failure to satisfy the requirements of the Company’s agreement with Anglo American on its Caspiche project which could result in loss of title; the need for additional financing; operational risks associated with mining and mineral processing; risks associated with metallurgical recoveries, risks associated with operating in areas subject to drought conditions and scarcity of available water sources, power availability and changes in legislation affecting the use of those resources; fluctuations in metal prices; title matters; uncertainty and risks associated with the legal challenge to the easement secured from the Chilean government; uncertainties and risks related to carrying on business in foreign countries; environmental liability claims and insurance; reliance on key personnel; the potential for conflicts of interest among certain officers, directors or promoters of the Company with certain other projects; the absence of dividends; currency fluctuations; competition; dilution; the volatility of the Company’s common share price and volume; tax consequences to U.S. investors; and other risks and uncertainties, including those described herein and in the Company’s Annual Information Form for the financial year ended December 31, 2016 dated March 24, 2017 filed with the Canadian Securities Administrators and available at www.sedar.com and filed with the SEC as part of the Company’s annual report on Form 40-F available at www.sec.gov. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking statements, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company is under no obligation to update or alter any forward-looking statements except as required under applicable securities laws.

Cautionary Note to United States Investors - Exeter is required to describe mineral resources associated with its properties utilizing Canadian Institute of Mining, Metallurgy and Petroleum ("CIM") definitions of "measured mineral resources", "indicated mineral resources" and "inferred mineral resources" are defined in and are required to be disclosed pursuant to Canadian regulations; however, these terms are not defined terms under the United States Securities and Exchange Commission’s Industry Guide 7 and normally are not permitted to be used in reports and other documents filed with the SEC. Investors are cautioned not to assume that any part or all of mineral deposits in these categories will ever be converted into SEC Industry Guide 7 compliant mineral reserves. "Inferred mineral resources" have a great amount of uncertainty as to their existence and as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Disclosure of "contained ounces" in a mineral resource is permitted disclosure under Canadian regulations. However, the SEC normally only permits issuers to report mineralization that does not constitute "mineral reserves" by SEC Industry Guide 7 standards as in place tonnage and grade, without reference to unit measures. Accordingly, information contained in this press release or referenced herein containing descriptions of mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements under the United States federal securities laws and the rules and regulations thereunder, including SEC Industry Guide 7.

NEITHER THE TSX NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE
For further information, please contact:
Wendell Zerb, CEO or
Rob Grey, VP Corporate Communications
Tel: 604.688.9592 Fax: 604.688.9532
Toll-free: 1.888.688.9592

Suite 1660, 999 West Hastings St.
Vancouver, BC Canada V6C 2W2
exeter@exeterresource.com

XRA EXETER RESOURCE
Last Signal:STAY LONG
Last Pattern:NO PATTERN
Last Close:0.7549 Change:-0.0050 Percent change-0.66% Signal Update Our system’s recommendation today is to STAY LONG. The previous BUY signal was issued on 12/28/2016, 2 days ago, when the stock price was 0.6857. Since then XRA has risen by +10.09%.

Not much volume today $43k

I think it'll be heading north if it can break past the ceiling of 1.16. If it close below 1.10 and struggles to get back over I think it will start its downward spin.

Is is still bullish @1.14. I knew to stay then it was being fueled by paid for P&D. Now the p & d is over it's right back to where it started.

XRA bullish 1.47

XRA bullish 1.32

Gap filled today? TY

Exeter Resources on BNN today. The size of this mines resources is scary, when will someone notice?

BNN Video

BSB!!

Back in chasing @ $1. Welcome back to GREENLAND!! XRA

Took my investment out this morning and left the free shares. Cheers to me making a huge mistake!

I will take that every day if possible.

There is a ton of potential in this company and it will become more apparent as time goes by.

Hoping the company doesn't get sold too soon or we not relies the true value of such a mining prospect this is.

moving like something's brewing, but gold pricing in general has been in an uptrend....

Great move today. I wounder is there something brewing or just someone picking up a lot of shares.

Should have news on the water rights approval soon enough.

I love how quiet this is! XRA

yeah, this has been a long time in and out, and sometimes hold...this time, I started accumulating, chased it into the .30's, it's just too low......as I said earlier....gold starts running, this is a buyout candidate in my mind.....$5-$8.00 minimum in my opinion......just an opinion though!

I got lucky also in the mid .30's, added in the .50's and again today early @.66.. it was clear looking @L2 flashing they were moving it up today. Next stop .80

looking very strong as the price of gold rebounds....should gold strengthen significantly, I think this is the #1 candidate to be a buyout potential....

I have been a buyer into the .30's so some shares really paying off now.....

long-term holder through good and bad, lol

Blue sky breakout baby! Let's go XRA!! To Greenland and beyond

obviously helped by the slight rebound in gold prices, but new buyers in recent weeks have taken a significant stance......looking good....

Winner!

Lots o good buying going on!

Nice work!

Really nice action this morning on better than average volume early!

near cash.. this is a good buy imo... if/when I get funds I wouldn't mind a nice position at this level

I have been adding big time over the last few weeks......when the market turns, bam, if a buyout doesn't come first....

Time to come back and play? Going to be a bounce at some point. XRA baby!

Couple....lol

nice move by XRA..like it woke up from its coma.

I have owned it for the last 5 years.... just one of the many half dead dogs in a coma I call them.... that I own...but Exeter started stirring a month or two ago and now it looks kind real doesnt it....

Maybe it will become the pumped up bubble darling miner in 2015...along with Claude.

Its been a long time owning this one.nice to have something to smile about.

What was the fundamental reason for this move? was there any?

This is a weird stock.

I'll just sit here and celebrate by myself. Congrats on a nice pick! Hey! Thanks a lot

Yep

Rebounding

XRA have a nice day

XRA looking like a good buy right now. GL

EOD buying spree? Weeee xra

lets hope so, of course, this is a long term accumulate and hold for me.....

Good news with Exeter Resources and Tinka Resources today.I think we have seen the bottom.GL John

all good, gltu also!

Yes! The price of gold plays a big part. A guy I read" says" he met the president of XRA at the Denver gold conference and was very impressed with the XRA story.He recommended a strong buy in his news-letter .He reiterated another strong buy after after meeting with the president again a week or so ago.He was told mgt. is buying with both hands.I'll see if I can find some information on inside buying and get back to the board.Everyone has a story.GL John

I think the water is definitely a go, in time. The price of gold and sentiment in general is the bigger issue to me right now......huge reserve......if gold moves north, some big players sitting out there with tons of cash...I just keep accumulating!

This company has great potential and we'll soon find out what the score is.I think if they got the water we get the gold.GL John

difficult to predict fair value, but their most recent presentation contains the best information to help you gain the info you need, thanks!

http://exeterresource.com/investors/presentations/

Anyone has idea about the fair value of Caspiche deposit?
XRA is trading around 60 cents and company has over 30 million USD in the bank. What would someone pay for 19 million ounces of gold/30 million gold equivalent ounces?

XRA

Exeter Expands Drilling Program to Confirm Water Source for Caspiche, Chile

http://exeterresource.com/site/wp-content/uploads/2014/02/Exeter_news_141007.pdf

S&P 500 Historic High: A Threat To Gold? – Frank Holmes

http://investmentwatchblog.com/sp-500-historic-high-a-threat-to-gold-frank-holmes/

Shermann