On February 26, 2009, Exeter Resource Corporation (TSX-V:XRC, NYSE Alternext US: XRA, Frankfurt: EXB) announced that it had closed a bought deal equity financing, including the full amount of the underwriters' over-allotment option, for aggregate gross proceeds to Exeter of $28,980,000. Exeter intends to use the net proceeds of the offering for exploration and development of the company's properties in Argentina and Chile and for general corporate purposes.
Exeter is a Canadian mineral exploration company focused on the discovery and development of gold and silver properties in South America.
Exeter was advised in this transaction by Fasken Martineau with a team that included Susan McLeod and Steve Saville.