Alexco Announces $20 Million Equity Financing
Alexco Resource Corp Common Shares (Canada) (AXU)
NASDAQ:AMEX Investor Relations:
alexcoresource.com/investors/overview-1
Company Research
Source: PR Newswire
(All amounts expressed in Canadian Dollars unless otherwise indicated) VANCOUVER, BC, June 24, 2020 /PRNewswire/ - Alexco Resource Corp. (NYSE American/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, 7,326,100 common shares of the Company (the "Offered Shares") at a price of $2.73 per Offered Share for aggregate gross proceeds of $20,000,253 (the "Offering"). The Company has granted the Underwriters an over-allotment option (the "Over-allotment Option"), exercisable in whole or in part, on and for a period up to 30 days following the Closing Date (as defined below), to purchase up to an additional 1,098,915 Offered Shares (the "Underwriter's Option Shares"). The Company shall pay the Underwriters a commission equal to 6% of the gross proceeds of the Offering, including proceeds received from the
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