San Marco Completes $250,000 Private Placement With Exeter in Connection With Mexican Property Options
18 Marzo 2013 - 4:00AM
Marketwired Canada
San Marco Resources Inc. (TSX VENTURE:SMN) has completed a private placement
with Exeter Resource Corporation (TSX:XRC)(NYSE MKT:XRA)(FRANKFURT:EXB) of
1,562,500 shares at a price of $0.16 per share for proceeds of $250,000. The
shares were issued at a 25% premium to the 20 day VWAP ending February 14th and
are subject to restrictions on transfer until July 16, 2013.
The proceeds from the placement represented the initial payments due from Exeter
in connection with the options granted to it in March to acquire interests in
San Marco's La Buena and Angeles properties in Mexico (see news release dated
March 4, 2013).
FOR FURTHER INFORMATION PLEASE CONTACT:
San Marco Resources Inc.
Rick Peterson
V.P. Corporate Development
604-568-5951 or 604-868-3164
604-568-5971 (FAX)
rick@rickpeterson.ca
San Marco Resources Inc.
Robert D. Willis
CEO
604-568-5951 or 604-813-2606
604-568-5971 (FAX)
rwillis@sanmarcocorp.com
www.sanmarcocorp.com
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