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Stock impact report

Alexco Announces C$3.5 Million Flow-Through Equity Financing

Alexco Resource Corp Common Shares (Canada) (AXU)  More Company Research Source: PR Newswire
NASDAQ:AMEX Investor Relations: alexcoresource.com/investors/overview-1
PDF VANCOUVER, April 1, 2019 /PRNewswire/ - Alexco Resource Corp. (NYSE AMERICAN: AXU, TSX: AXR) ("Alexco" or the "Company") is pleased to announce that it has entered into an agreement with an underwriter (the "Underwriter"), pursuant to which the Underwriter has agreed to purchase, on a bought deal private placement basis, 1,842,200 flow-through common shares (the "Flow-Through Shares") at an issue price of C$1.90 per share for aggregate gross proceeds of C$3,500,180 (the "Offering").The offered securities are comprised of: (i) 1,579,000 flow-through shares with respect to "Canadian exploration expenses" (the "CEE Shares") priced at C$1.90 per CEE Share; and (ii) 263,200 flow-through shares with respect to "Canadian development expenses" (the "CDE Shares") priced at C$1.90 per CDE Share.The Underwriter will have an option, exercisable in whole or in part at any time up to two (2) business days prior to the Closing Date (as defined below), to purchase up to an additional 15% of each of t [Read more]
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