Alexco closes $8.6 million common share public offering
Counsel to Alexco Resource Corp.
On March 27, 2020, Alexco Resource Corp. (NYSE AMERICAN: AXU; TSX: AXU) (“Alexco”) announced the closing of its public offering of common shares (“Common Shares”), with a syndicate of underwriters co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation as joint bookrunners, and including Canaccord Genuity Corp. With full subscription of the over-allotment option, the Company has issued 4,662,675 Common Shares at a price of $1.85 per share for gross proceeds of $8,625,948.75.
Alexco is a Canadian primary silver company that owns the majority of the historic high-grade Keno Hill Silver District in Canada’s Yukon Territory.
Miller Thomson advised Alexco in the transaction with a team led by Lucy Schilling (Capital Markets & Securities), and comprised of Elizabeth Holden and Gregory Smith (Capital Markets & Securities).