Alexco Closes $8.6 Million Common 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, March 27, 2020 /PRNewswire/ - Alexco Resource Corp. (NYSE AMERICAN: AXU; TSX: AXU) ("Alexco" or the "Company") announces that it has closed the previously announced over-night marketed public offering (the "Offering") of common shares of the Company (the "Common Shares"), with a syndicate of underwriters co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation as joint bookrunners, and including Canaccord Genuity Corp. (collectively the "Underwriters"). With full subscription of the over-allotment option, the Company has issued 4,662,675 Common Shares at a price of $1.85 per share (the "Offering Price") for gross proceeds of $8,625,948.75. In connection with the Offering, the Company has paid the Underwriters a cash commission equal to 6.0% of the gross proceeds of the Offering.The Company intends to use the net proceeds of the Offering for preservation and measured advancement of mine development activity at Keno Hill, exploration and for general working
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