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0.00806451612903226 0.0161290322580645 0.0161290322580645 0.022741935483871 0.0241935483870968 0.040241935483871 0.0162096774193548 0.0161290322580645
Stock impact report

Alexco Extends Draw Down Availability Period on US$15 Million Credit Facility

Alexco Resource (AXU)  More Company Research Source: PR Newswire
NASDAQ:AMEX Investor Relations: alexcoresource.com/investors/overview-1
PDF VANCOUVER, Feb. 14, 2019 /PRNewswire/ - Alexco Resource Corp. (NYSE American: AXU, TSX: AXR) ("Alexco" or the "Company") is pleased to announce that it has extended the draw down availability period on its previously established definitive credit agreement (the "Agreement") with Sprott Private Resource Lending (Collector), L.P. to provide a US$15 million credit facility (the "Credit Facility") to be used for the development of the Keno Hill Silver projects located in Yukon, Canada (see press news release dated February 26, 2018, entitled "Alexco Establishes US$15 Million Credit Facility"). Pursuant to the terms of the Agreement, Alexco has issued 171,480 common shares of the Company to extend the draw down availability period by six months.Clynt Nauman, Alexco CEO and Chairman commented, "With the extension of the draw down availability period of the Credit Facility, we are simply maintaining this back-stop and financing alternative while waiting for final permitting for the Bermingha [Read more]
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