Key Developments: Rubicon Minerals Corp (RBY)
1.56USD
23 May 2013
$0.02 (+1.30%)
$1.54
$1.52
$1.62
$1.51
475,815
698,396
$3.92
$1.41
Latest Key Developments (Source: Significant Developments)
Rubicon Minerals Corp Names Lalonde President, CEO-Canada Stockwatch News
Canada Stockwatch News reported that further to Rubicon Minerals Corp.'s news release dated April 30, 2012, Mike Lalonde will assume the position of President and Chief Executive Officer (CEO), effective January 1, 2013. Concurrently, David Adamson will resign his position as Chief Executive Officer and assume the position of Non-Executive Chairman of Rubicon. Full Article
Rubicon Minerals Corp Announces Board Changes
Rubicon Minerals Corp announced the appointment, effective June 1, 2012, of Michael Lalonde to the position of President and Chief Operating Officer of the Company. Following his appointment and a transition period of up to six months, Mr. Lalonde will then assume the position of President and Chief Executive Officer of the Company. David Adamson will remain as Chief Executive Officer during the transition period and thereafter will assume the position of Chairman of the Board. Full Article
Rubicon Minerals Corp Announces $200 Million Bought Deal Financing
Rubicon Minerals Corp announced that it has entered into an agreement with a syndicate of underwriters co-led by GMP Securities L.P. and TD Securities Inc., which has agreed to purchase, on a bought deal basis, 49,000,000 common shares of the Company at a price of $4.10 per Share, for aggregate gross proceeds of $200,900,000. The Underwriters will also have the option, exercisable in whole or in part at any time up to 30 days after the closing of the offering, to purchase up to an additional 7,350,000 Shares. In the event that the option is exercised in its entirety, the aggregate gross proceeds of the offering will be $231,035,000. The Company plans to use the net proceeds from the offering to advance the development of the Phoenix Gold Project and for working capital and general corporate purposes. Full Article
Rubicon Minerals Corp. Announces Closing Of $70,000,000 Strategic Investment By Agnico-Eagle Mines Ltd.
Rubicon Minerals Corp. announced that the strategic investment of $70,000,000 in Rubicon by Agnico-Eagle Mines Limited (Agnico-Eagle) by way of a non-brokered private placement of common shares has closed. The securities issued to Agnico-Eagle are subject to a four-month hold period, expiring November 29, 2011. Full Article
Rubicon Minerals Corp. Announces $70,000,000 Strategic Investment by Agnico-Eagle Mines Ltd.
Rubicon Minerals Corp. announced that Agnico-Eagle Mines Limited (Agnico-Eagle) entered into a subscription agreement under which Agnico-Eagle will make a strategic investment of $70,000,000 in Rubicon Minerals by way of a non-brokered private placement of common shares. Under the terms of the subscription agreement, Agnico-Eagle will purchase a total of 21,671,827 common shares at $3.23 per common share, for proceeds to Rubicon Minerals of approximately $70,000,000. As a result of the private placement, Agnico-Eagle will own 9.2% of the issued and outstanding shares of Rubicon Minerals. Agnico-Eagle has also been granted rights that allow it, at its election, to participate in certain subsequent issuances by the Company in order to maintain its level of ownership in the Company. The closing of the private placement is expected to occur on or about July 28, 2011 and is subject to customary closing conditions. The proceeds will be used for additional drilling, studies, testing and other development work in connection with the F2 Gold System at the Phoenix Gold Project. The parties have also agreed to negotiate a technical services agreement that will provide Rubicon Minerals access to Agnico-Eagle's geological and engineering mining team. Full Article
West Kirkland Mining Inc And Rubicon Minerals Corp. Announce An Agreement On Large Claim Block On The Long Canyon Trend, Nevada
West Kirkland Mining Inc and Rubicon Minerals Corporation (Rubicon) announced that they have entered into an agreement whereby West Kirkland can earn a majority stake in mineral rights held by Rubicon covering approximately 351 square miles (909 sq. kilometers) in the Long Canyon Trend of north eastern Nevada, while allowing Rubicon to retain a significant interest in any future discovery. West Kirkland can earn a 51% interest from Rubicon in a portion of the Rubicon property package directly across the valley to the north east from the Long Canyon gold deposit. . Further to the north, West Kirkland can earn a 60% property interest in a portion of the Rubicon property package of the Long Canyon Trend adjoining the KB and TUG properties that are optioned by West Kirkland from Fronteer. West Kirkland is currently drilling on the TUG property in the area of a shallow historic gold resource. West Kirkland can earn an initial 51% interest in any of the properties where Rubicon holds a 100% interest by making the expenditures outlined in the table below over four years and Rubicon will retain a 49% interest in the properties. The first year's expenditure is a firm commitment of $2,000,000. West Kirkland can increase its interest to 60% by completing a pre-feasibility study or spending an additional $4,000,000 in exploration and development work, in which case Rubicon will retain a 40% interest in the properties. Full Article
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