An anonymous director reports
ALEXCO ANNOUNCES C$5 MILLION EQUITY FINANCING
Alexco Resource Corp. has entered into an agreement with an
underwriter, pursuant to which the underwriter has agreed to purchase, on a bought-deal basis pursuant to a short-form prospectus, 4.35 million units of the company at a price of $1.15 per unit for gross proceeds of $5,002,500. Each unit shall consist of one common share of the company
and one-half of one common share purchase warrant. Each warrant shall be
exercisable into one common share of the company for a period of 24
months from the closing date (as herein defined) at an exercise price
of $1.40.
In addition, the company has granted the underwriter an option to purchase additional units and/or additional
warrants, up to such number of additional units and additional warrants
as is equal to 15 per cent of the underwritten offering, for a period of 30
days after, and including, the closing date, to cover overallotments, if
any, and for market stabilization purposes.
The net proceeds from the offering are expected to be used by the
company for exploration and development of the company's projects, and
for general working capital purposes.
Closing of the offering is anticipated to occur on or around Aug. 21,
2014, and is subject to certain conditions
including, but not limited to, the receipt of all applicable regulatory
approvals, including approval of the Toronto Stock Exchange and NYSE MKT.
We seek Safe Harbor.
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