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Alexco – guess I’m glad I sold this a few days ago. Ridiculous

Posted by Buygold @ 8:36 on June 3, 2021  

Alexco Announces C$25 Million Bought Deal Public Offering

7:27 am ET June 3, 2021 (PR Newswire) Print
Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) (“Alexco” or the “Company”) is pleased to announce that it has entered into an agreement with a syndicate of underwriters (the “Underwriters”) pursuant to which the Underwriters have agreed to purchase on a bought deal basis 7,143,000 common shares of the Company (the “Shares”) at a price of C$3.50 per Share (the “Offering Price”) for aggregate gross proceeds of approximately C$25 million (the “Offering”).

The Underwriters also have an option to purchase that number of additional Shares equal to 15% of the number of Shares sold pursuant to the Offering at Offering Price, for market stabilization purposes and to cover over-allotments for a period expiring 30 days after the date of closing.

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.