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Rubicon Minerals Corporation Completes $10 Million Flow-Through Financing

Published: 03/03/2017

Team: Andre Boivin, Adria Leung Lim, James Lyle, Christopher B. Norton

On March 3, 2017, Rubicon Minerals Corporation, a TSX listed gold exploration company that owns the Phoenix Gold Project located in Ontario, completed a bought deal private placement financing of 3,895,000 flow-through common shares, which included the exercise of the underwriters' option in full, at a price of $2.57 per share for aggregate gross proceeds to Rubicon of $10,010,150.

The offering was conducted by a syndicate of underwriters led by BMO Capital Markets, Mackie Research Capital Corporation, and TD Securities Inc.

Rubicon was represented by Cassels Brock & Blackwell LLP with a team composed of André Boivin and Adria Leung Lim (Securities and Mining), James Lyle (Securities) and Chris Norton (Tax).