Alexco Closes $30 Million Common Share 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, July 7, 2020 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announces that it has closed the previously announced public offering (the "Offering") of common shares of the Company (the "Common Shares"), with a syndicate of underwriters (the "Underwriters"). With full subscription of the over-allotment option, the Company has issued 10,994,000 Common Shares at a price of $2.73 per share (the "Offering Price") for gross proceeds of $30,013,620.In connection with the Offering, the Company has paid the Underwriters a cash commission equal to 1.5% on $10 million out of the aggregate gross proceeds (representing the proceeds raised from sales to members of the President's List) and 6.0% on the remaining proceeds of approximately $20 million.The Company intends to use the net proceeds of the Offering to fund continuing development at Keno Hill and for gene
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