TransactionsAlexis Minerals Completes A $20 Million Bought Deal Financing and Over-Allotment OptionPublished: 05/25/2011 By Alexandra Iliopoulos, Philip Long, John P. Vettese On May 17, 2011, Alexis Minerals Corporation ("Alexis") announced that, in connection with its bought deal offering for gross proceeds of $17.5 million that closed May 12, 2011, the underwriters have exercised in full their over-allotment option to purchase an additional 26,250,000 common shares of Alexis at a price of C$0.10 per Optioned Share for aggregate gross proceeds to Alexis of C$2,625,000. The aggregate proceeds to Alexis from the bought deal offering and over-allotment option was $20,125,000. Cassles Brock acted for Alexis with a team consisting of John Vettese (Securities and Mining), Alex Iliopoulos (Securities and Mining) and Philip Long (Securities). |