Key Developments: Alexco Resource Corp (AXR.TO)

AXR.TO on Toronto Stock Exchange

1.39CAD
21 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Alexco Resource Corp Announces Closing Of $7 Million Flow-Through Financing
Tuesday, 23 Apr 2013 11:08am EDT 

Alexco Resource Corp announced that it has closed the previously announced private placement on April 01, 2013 and April 15, 2013. The Company has issued 2,100,000 flow-through common shares (the Flow-Through Shares) at a price of $3.35 per Flow-Through Share for gross proceeds of $7,035,000 (the Offering). The gross proceeds from the sale of the Flow-Through Shares will be used for expenditures on the Company's Keno Hill District exploration properties, which qualify as Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)), with the Company to ensure that such Canadian exploration expenses qualify as flow-through mining expenditures (which qualify for the 15% Federal investment tax credit) for purposes of the Income Tax Act (Canada).  Full Article

Alexco Resource Corp Amends Terms of $7 Million Flow-Through Financing
Monday, 15 Apr 2013 11:51pm EDT 

Alexco Resource Corp announced that, further to its news release dated April 1, 2013, it has amended the terms of its previously announced private placement. Stonecap Securities Inc. (the Agent) will now act as agent in connection with the private placement of up to 2,100,000 "flow-through" common shares (the Flow-Through Shares) of the Company at a price of $3.35 per Flow-Through Share for gross proceeds of up to $7,035,000 (the Offering). The Offering remains fully placed, and closing remains scheduled for on or about April 23, 2013. All other terms of the Offering remain the same as previously announced. The gross proceeds from the sale of the Flow-Through Shares will be used for expenditures on the Company's Keno Hill District exploration properties, which qualify as Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)), with the Company to ensure that such Canadian exploration expenses qualify as "flow-through mining expenditures" (which qualify for the 15% Federal investment tax credit) for purposes of the Income Tax Act (Canada).  Full Article

Alexco Resource Corp Announces Private Placement Of Common Shares
Monday, 1 Apr 2013 08:52am EDT 

Alexco Resource Corp announced that it has fully placed a private placement of 1,900,000 flow-through common shares (the Flow-Through Common Shares) of the Company at a price of $3.70 per Flow-Through Common Share, a 10% premium to the last TSX closing price on March 28, 2013, for gross proceeds of $7,030,000 (the Offering). Stonecap Securities Inc. (Stonecap) acted as agent for the Company on this financing. The gross proceeds from the sale of the Flow-Through Shares will be used for expenditures on the Company's Keno Hill District exploration properties, which qualify as Canadian exploration expenses (within the meaning of the Income Tax Act (Canada)), with the Company to ensure that such Canadian exploration expenses qualify as flow-through mining expenditures (which qualify for the 15% Federal investment tax credit) for purposes of the Income Tax Act (Canada). The Company will incur such Canadian exploration expenses no later than December 31, 2014 and renounce such Canadian exploration expenses with an effective date of no later than December 31, 2013. With this flow-through financing, the Company is fully financed for all planned 2013 expenditures. The Offering is scheduled to close on or about April 23, 2013.  Full Article

Alexco Resource Corp Completes Sale Of Remaining Interest In Brewery Creek
Thursday, 27 Sep 2012 04:00am EDT 

Alexco Resource Corp announced that it has completed the sale of remaining interest in the Brewery Creek property, located in the Yukon. In August, 2009, Alexco entered into an option agreement with Golden Predator Corp. under which Golden Predator could earn up to a 75% interest in the Brewery Creek property. Golden Predator completed the work commitment to earn an initial 51% interest in Brewery Creek, and has been continuing work programs to complete remaining earn-in under the option. Pursuant to a purchase agreement entered into in February 2012, Alexco has completed the sale to Golden Predator of all of Alexco's remaining interest in Brewery Creek. In exchange for providing Golden Predator with a 100% interest in Brewery Creek, Alexco has now received $4,000,000 cash (comprised of $3,205,000 received from Golden Predator, plus $795,000 received through the release of reclamation security) as well as 7,500,000 common shares of Golden Predator, and warrants to acquire an additional 3,750,000 common shares of Golden Predator at any time in the next two years at a price of $1.15 per share. Alexco has also been granted a net smelter returns royalty of 2% on the first 600,000 ounces of gold produced from Brewery Creek, increasing to 2.75% thereafter. Golden Predator has the right to repurchase 0.625% of the increased royalty from Alexco at any time for $2,000,000.  Full Article

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