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Alexco Resource Corp. Completes Bought Deal Financing

Published: 06/13/2018

Team: Chad Accursi, James Lyle, Michael Weizel, Christopher B. Norton

On June 13, 2018, Alexco Resource Corp. completed a bought deal equity offering of 4,703,000 common shares issued on a “flow-through” basis at a blended price of $1.92 per common share, for aggregate gross proceeds of $9,041,150. The offering was underwritten by a syndicate of underwriters including Cormark Securities Inc. and Canaccord Genuity Corp.

The gross proceeds from offering will be used by Alexco to fund a surface exploration program and continue the underground drilling program and development of the Keno Hill Silver Project in the Yukon Territory.

Cassels Brock acted for the underwriters with a deal team that included Chad Accursi, James Lyle, and Michael Weizel (Mining and Securities) and Christopher Norton (Tax).