Alexco Resource (AXU) Announces 4.054M Common Share Offering

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Go back to Alexco Resource (AXU) Announces 4.054M Common Share Offering

Alexco Announces $7.5 Million Common Share Public Offering

March 25, 2020 10:08 AM EDT

VANCOUVER, March 25, 2020 /PRNewswire/ - Alexco Resource Corp. (NYSE AMERICAN: AXU; TSX: AXU) ("Alexco" or the "Company") is pleased to announce that further to its previously announced over-night marketed public offering (the "Offering") of common shares of the Company (the "Common Shares"), it has entered into an underwriting agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation, and including Canaccord Genuity Corp. (collectively the "Underwriters") to sell 4,054,500 Common Shares at a price of $1.85 per share  (the "Offering Price") for gross proceeds of $7.5 million. The... More