Key Developments: Exeter Resource Corp (XRA)
0.70USD
17 May 2013
$-0.03 (-4.11%)
$0.73
$0.71
$0.75
$0.70
146,617
202,064
$2.41
$0.70
Latest Key Developments (Source: Significant Developments)
Exeter Resource Corp Announces Option And Joint Venture Agreements On Two Properties In Mexico
Exeter Resource Corp announced that it has entered into two option and joint venture agreements with Canadian company, San Marco Resources Inc., for the exploration of the Angeles and La Buena gold-silver properties located in Mexico (the Angeles Property Agreement and La Buena Property Agreement, respectively). Exeter can earn an initial 51% in the Angeles property by staged expenditures totalling CAD$10 million over the first four years and an additional 19%, over the next three years, for a total of 70%, by spending an additional CAD10 million in exploration expenditures. Exeter will also make cash payments totalling CAD950,000 staged over seven years. All cash payments are to be made by way of a private placement purchase by Exeter of San Marco's common shares at a price equal to a premium of 25% to the 20 day volume weighted average price of San Marco's shares on the TSX Venture Exchange (VWAP). Full Article
Exeter Resource Corp Appoints Wendell Zerb As President And Chief Executive Officer
Exeter Resource Corp announced the appointment of Mr. Wendell Zerb as President and Chief Executive Officer (CEO) of the Company. Mr. Bryce Roxburgh will transition to the role of Co-Chairman, a position to be shared with Mr. Yale Simpson. Full Article
Exeter Resource Corp Commences Drilling
Exeter Resource Corp announced the commencement of water drilling for its Caspiche gold-copper project located in northern Chile. The drilling campaign is taking place at Cuenca One, one of two water exploration tenements owned by the Company. The estimated cost of the drilling program is CAD1.3 million. Full Article
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