Alexco Resources To Raise $25 Million Via Bought Deal Financing

Alexco Resource Corp. (TSX: AXU) (NYSE: AXU) today announced that the company has entered into an agreement with a group of underwriters to conduct a bought deal financing. The financing is to be co-led by Cantor Fitzgerald Canada Corporation and Cormark Securities.

The financing will see a total of 7,143,000 common shares of the company sold at a price of $3.50 per share for gross proceeds of roughly $25 million. A 15% over-allotment option has also been granted.

Proceeds from the offering will be used to fund development at Keno Hill, and for general corporate and working capital purposes.

Closing is expected to take place on or about June 10, 2021.

Alexco Resource Corp. last traded on the NYSE at $3.24.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

The Goal is Gold Production as Soon as Possible! | Gordon Robb – ESGOLD Corp.

Snowline Gold: The Multi Billion Dollar Valley PEA

Euro Sun: Rovina Copper-Gold Project Secures Some Major Funding

Recommended

Antimony Resources Drills 4.17% Antimony Over 7.4 Metres At Bald Hill

ESGold To Expand Mine Building At Montauban In Advance Of Gold & Silver Production

Related News

Five Major U.S. Banks Face Billions in Losses as Surging Silver Prices Pressure Short Sellers

Silver prices have spiked significantly in October, climbing nearly 8% this month to exceed $33.60...
Sunday, October 27, 2024, 07:46:00 AM

Canuc Resources Doubles Land Position At San Javier Ahead Of Drilling

Canuc Resources (TSXV: CDA) has acquired new claims at its flagship San Javier project, located...

Wednesday, January 27, 2021, 09:18:01 AM

VanGold Acquires El Cubo Mine & Mill From Endeavour Silver For US$15.0 Million

VanGold Mining (TSXV: VGLD) announced that it has entered into a definitive agreement with Endeavour...

Wednesday, March 17, 2021, 07:57:17 AM

Endeavour Silver: BMO Lowers Price Target Following Guidance

Thursday morning Endeavour Silver (TSX: EDR) released their 2021 production guidance for 2021, guiding towards...

Sunday, January 31, 2021, 02:41:00 PM

Solar Energy Could be the Boost that Propels Silver Prices to New Highs

Despite the economic turmoil currently plaguing many businesses and households across Canada, Prime Minister Justin...

Sunday, December 13, 2020, 03:45:00 PM