* Increases bought deal offering from C$30.8 mln
* Previous offering priced at C$8.20/shr
* Shares down 9 pct
Dec 7 Alexco Resource (AXR.TO) said it was
increasing its bought-deal offering by 33 percent to C$41
million and priced it at a discount, sending the mineral
explorer's shares down 9 percent.
Alexco Resources had earlier said it was planning to raise
C$30.8 million by offering 3.75 million shares at C$8.20 each,
a discount of about 9 percent to Monday's close.
The offering, which is expected to close by Dec. 23, was
mainly to fund its project development and exploration
activities in the Yukon territory in Canada.
The company said the underwriters, led by Canaccord Genuity
Corp, had an over-allotment option, which if fully exercised
could increase the proceeds to C$47.2 million.
Alexco Resources' shares were down 9 percent at C$8.17 in
mid-day trade, making it a top percentage loser on the Toronto
(Reporting by Gowri Jayakumar in Bangalore; Editing by Jarshad