Exeter Resource Corporation Announces Shareholder Approval of Arrangement With Goldcorp
01 August 2017 - 4:39AM
EXETER RESOURCE CORPORATION (NYSE MKT:XRA)
(TSX:XRC) (Frankfurt:EXB)
(“Exeter” or the
“Company”) announces that at its special meeting of
shareholders (the “
Meeting”) held July 31, 2017,
holders (“
Exeter Shareholders”) of common shares
of Exeter (“
Exeter Shares”) approved the plan of
arrangement (the “
Arrangement”) whereby Goldcorp
Inc. (“
Goldcorp”) will acquire all of the issued
and outstanding Exeter Shares (other than those already held by
Goldcorp).
A special resolution approving the Arrangement
was approved by approximately 99.80% of the votes cast at the
Meeting, in person or by proxy, by Exeter Shareholders and approved
by 99.79% of the votes cast at the Meeting, in person or by proxy,
by Exeter Shareholders, excluding the votes cast in respect of
Exeter Shares held by interested parties required to be excluded
pursuant to applicable securities law.
On closing of the Arrangement, Exeter
Shareholders (other than Goldcorp) will receive 0.12 common shares
of Goldcorp for each Exeter Share held.
The Arrangement is subject to final approval by
the Toronto Stock Exchange and the Supreme Court of British
Columbia (the “Court”). The Court hearing for the
final order to approve the Arrangement is scheduled to take place
on August 1, 2017, and the completion of the Arrangement is
expected to occur on August 2, 2017.
Additional information regarding the terms of
the Arrangement is set out in Exeter’s management information
circular dated June 27, 2017, which is available under Exeter’s
profile at www.sedar.com.
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 Corporation
Jason Attew
Director and Chief Financial Officer
For further information, please contact:
Etienne Morin (800) 567-6223 |
2200
HSBC Building, 885 West Georgia Street,Vancouver, BC V6C
3E8 |
Caution Concerning Forward-Looking
Statements: This press release contains “forward-looking
statements” within the meaning of Section 27A of the United States
Securities Act of 1933, as amended, Section 21E of the United
States Exchange Act of 1934, as amended, the United States
Private Securities Litigation Reform Act of 1995, or in releases
made by the United States Securities and Exchange Commission, all
as may be amended from time to time, and “forward-looking
information", under the provisions of the applicable Canadian
securities legislation concerning the completion of the
Arrangement. Generally, these forward-looking statements can be
identified by the use of forward-looking terminology such as
"plans", "expects", "is expected", "budget", "scheduled",
"estimates", “forecasts", "intends", "anticipates", "believes", or
variations or comparable language of such words and phrases or
statements that certain actions, events or results "may", "could",
"would", “should”, "might", "will be taken", "occur", "be achieved"
or “has the potential to” or the negative connotation
thereof.
Forward looking statements contained in this
press release may include statements regarding our ability to
complete the Arrangement, which involve known and unknown risks and
uncertainties which may not prove to be accurate. Actual results
and outcomes may differ materially from what is expressed or
forecasted in these forward-looking statements. Such statements are
qualified in their entirety by the inherent risks and uncertainties
surrounding future expectations.
Among those factors which could cause actual
results to differ materially are the following: uncertainties as to
the timing of the Arrangement and satisfaction of the conditions
thereto, market conditions and other risk factors listed from time
to time in our reports filed with Canadian securities regulators on
SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Although Exeter
has attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can
be no assurance that such 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. Forward-looking
statements are made as of the date hereof and, accordingly, are
subject to change after such date. The Company disclaims any
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise, except as expressly required by applicable securities
legislation.
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