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AXU

Alexco Resource

$1.43 /

+0.055 (+4.00%)

17:47
03/24/20
03/24
17:47
03/24/20
17:47

Alexco Resource announces over-night marketed public offering

Alexco Resource Corp. has today filed a preliminary prospectus supplement in connection with an over-night marketed public offering of common shares of the company. The definitive price shall be determined in the context of the market and the size of the offering is not to be less than $5M. It is expected that Cormark Securities and a syndicate of underwriters will enter into a definitive underwriting agreement with the company on the successful marketing of the offering. The proceeds from the sale of the common shares will be used for preservation and measured advancement of mine development activity at Keno Hill, exploration and for general working capital purposes. Closing is expected on or about March 27, and is subject to regulatory approval including that of the Toronto Stock Exchange and NYSE American.

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