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Rubicon Minerals Completes $5.75 Million Flow-Through Financing

Published: 12/24/2018

Team: Andre Boivin, Kyle Simpson, Tera Li Parizeau

On December 24, 2018, Rubicon Minerals Corporation,  a TSX listed advanced gold exploration company that owns the Phoenix Gold Project, located in the Red Lake gold district in northwestern Ontario, announced the  completion of a non-brokered private placement financing of 4,256,236 flow-through common shares issued from treasury at a price of $1.35 per share for aggregate gross proceeds of $5.75 million. The gross proceeds from the offering will be used for Canadian Exploration Expenses within the meaning of the Income Tax Act (Canada).

Cassels Brock acted for Rubicon with a team comprised of André Boivin and Kyle Simpson (Mining & Securities) and Tera Li (Tax).