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

Snowline Gold: The Multi Billion Dollar Valley PEA

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

Arizona Metals: The Disappointing Kay Mine Resource Estimate

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

Mining The Metals Correction: Impact Silver

As the stock market continues to pervert the nation’s youth, it often feels like it’s...

Thursday, August 27, 2020, 12:01:00 PM

Silver Deficit Set to Widen in 2024 Amid Strong Industrial Demand

The global silver market is poised for a significant deficit increase in 2024, according to...

Tuesday, June 25, 2024, 10:51:00 AM

Silvercorp Bids To Take Over Australian Gold Producer OreCorp

Canadian mining firm Silvercorp Metals Inc. (TSX: SVM) has entered into a binding scheme implementation...

Monday, August 7, 2023, 08:02:51 AM

Vizsla Reports Further Drill Results, Including 449 G/T Silver Equivalent Over 15.3 Metres

Vizsla Resources (TSXV: VZLA) reported assay results from sixteen additional holes at its Panuco project...

Tuesday, October 6, 2020, 08:14:34 AM

Max Resource Secures 2,000 Square Kilometres Of Landholdings At Cesar Copper-Silver Project

Max Resource Corp (TSXV: MXR) has expanded its landholdings near-to its flagship CESAR copper-silver asset...

Wednesday, January 27, 2021, 07:43:44 AM