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.
Sponsored · First Phosphate Corp.
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.
