Key Developments: Alexco Resource Corp (AXR.TO)

AXR.TO on Toronto Stock Exchange

0.43CAD
31 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Alexco Resource Corp announces exercise of underwriter's over allotment option
Tuesday, 26 Aug 2014 05:45pm EDT 

Alexco Resource Corp:Says Canaccord Genuity Corp. has provided notice of exercise of underwriter's over-allotment option to purchase an additional 915,000 units of company at price of C$1.15 per Additional Unit for gross proceeds of C$1,052,250 under company's short form prospectus dated Aug. 15.Each Additional Unit will consist of one common share of company and one half of one common share purchase warrant.Each Warrant will be exercisable to purchase one common share of company at an exercise price of C$1.40 on or before Aug. 21, 2016.Closing of over-allotment option is scheduled to take place on Aug. 28.Canaccord will receive cash fee equal to 6.5 pct of gross proceeds raised and compensation warrants equal to 6.5 pct of Additional Units, with each Compensation Warrant exercisable for one common share of company at an exercise price of C$1.35 on or before Aug. 21, 2016.Net proceeds from offering will be used by company for exploration and development activities on company's Flame & Moth deposit and for general working capital purposes.  Full Article

Alexco Resource Corp completes C$7 mln bought deal financing
Thursday, 21 Aug 2014 08:47am EDT 

Alexco Resource Corp:Announce it has closed previously said bought deal public offering of units through Canaccord Genuity Corp. as underwriter.Says issues for gross proceeds of C$7,015,000.Net proceeds from offering will be used by for exploration and development activities on Company's Flame & Moth deposit and for general working capital purposes.  Full Article

Alexco Resource Corp announces increase to previously announced bought deal unit financing
Wednesday, 30 Jul 2014 09:43am EDT 

Alexco Resource Corp:Has entered into an amended agreement with the Underwriter to increase the Underwritten Offering from C$5,002,500 to C$7,015,000.The company has granted the Underwriter an option to purchase additional Units at the Offering price to raise additional gross proceeds of up to 15 pct of the Underwritten Offering, for a period of 30 days after and including the Closing Date to cover over-allotments.For market stabilization purposes, if the Over-Allotment Option is fully exercised, the total gross proceeds from the Offering will be C$8,067,250.  Full Article

Alexco Resource Corp announces C$5 mln equity financing
Tuesday, 29 Jul 2014 04:08pm EDT 

Alexco Resource Corp:Enters into an agreement with an underwriter, pursuant to which the underwriter has agreed to purchase, on a bought deal basis pursuant to a short form prospectus, 4,350,000 units of the company at a price of C$1.15 per unit for gross proceeds of C$5,002,500.Each Unit shall consist of one common share of the company and one half of one common share purchase warrant.Each Warrant shall be exercisable into one common share of the company for a period of 24 months from the Closing Date at an exercise price of C$1.40.Net proceeds from the Offering are expected to be used by the company for exploration and development of the company's projects and for general working capital purposes.  Full Article

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