Alexco Announces $10.5 Million Bought Deal Flow-Through Share Public Offering
Alexco Resource Corp Common Shares (Canada) (AXU)
NASDAQ:AMEX Investor Relations:
alexcoresource.com/investors/overview-1
Company Research
Source: PR Newswire
VANCOUVER, BC, Jan. 21, 2021 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the "Underwriters") pursuant to which the Underwriters have agreed to purchase on a bought deal basis (i) 1,785,800 common shares to be issued as "flow-through shares" with respect to "Canadian exploration expenses" ("CEE") within the meaning of the Income Tax Act (Canada) and the regulations thereunder in force as of the date hereof (the "Tax Act") (the "CEE Flow-Through Shares") at a price of C$4.48 per CEE Flow-Through Share (the "CEE Offering Price"); and (ii) 651,100 common shares to be issued as "flow-through shares" with respect to "Canadian development expenses" ("CDE") within the meaning of the Tax Act (the "CDE Flow-Through Shares") at a price of C$3.84 per CDE Flow-Through Share (the "CDE Offering Price") (collectively, the "Offering"). The gross proceeds o
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