Goldcorp encourages all Shareholders to tender their Exeter Shares
Goldcorp Inc. announces that it has extended the expiry time of its offer to acquire all of the issued and outstanding common shares of Exeter Resource Corporation to 5:00 p.m. Toronto time on June 7, 2017 and waived the offer's minimum tender condition of not less than 66 2/3% of the outstanding Exeter Shares.
Exeter Resource Corporation is a Canadian public company listed on the TSX and NYSE-MKT. Exeter’s focus is to maximize shareholder value through the discovery, evaluation and development of gold-copper deposits in the Americas. The Company’s flagship project, the Caspiche project 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.
The minimum tender condition has now been reduced to the legal minimum requirement under National Instrument 62-104 – Takeover Bids and Issuer Bids, which requires that Exeter Shares constituting more than 50% of the outstanding Exeter Shares be tendered to the Offer and not withdrawn.
If all the conditions of the offer are satisfied or waived, holders of Exeter Shares that accept the offer will receive 0.12 of a Goldcorp common share in exchange for each Exeter Share acquired by Goldcorp. Goldcorp remains fully committed to the Offer and to the Exeter shareholderswho have already tendered their Exeter Shares to the offer. Goldcorp encourages all shareholders who have not yet tendered their Exeter Shares to the offer to do so as soon as possible. Exeter's board of directors continues to unanimously support the offer as amended and unanimously recommends that shareholders tender their Exeter shares to the offer.
