18:58:19 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Alexco Resource Corp
Symbol AXR
Shares Issued 62,573,898
Close 2014-07-28 C$ 1.36
Market Cap C$ 85,100,501
Recent Sedar Documents

Alexco Resource arranges $5-million bought deal

2014-07-29 16:13 ET - News Release

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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