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Slideshow Secondary Stock Offerings

By The Online Investor Staff, updated Tue., Mar. 31, 10:49 PM

Slide #2. Alexco Resource Corp. Secondary Offering

Company: Alexco Resource Corp. (AMEX:AXU)
Date announced: 3/25/2020
Shares Offered: 4,054,500
Date of Pricing: 3/25/2020
Price Per Share: $1.85
Secondary Offering Details: Alexco Resource Corp. (NYSE AMERICAN: AXU; TSX: AXU) ("Alexco" or the "Company") is pleased to announce that further to its previously announced over-night marketed public offering (the "Offering") of common shares of the Company (the "Common Shares"), it has entered into an underwriting agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation, and including Canaccord Genuity Corp. (collectively the "Underwriters") to sell 4,054,500 Common Shares at a price of $1.85 per share (the "Offering Price") for gross proceeds of $7.5 million. The Company has granted to the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part, in the sole discretion of the Underwriters, for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 608,175 Common Shares ("Option Shares") at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be $8.6 million.

Alexco Resource is engaged in two principal businesses: a mining business, comprised of mineral exploration and mine development and operation in Canada, primarily in Yukon Territory; and an environmental services business, providing consulting, remediation solutions and project management services in respect of environmental permitting and compliance and site remediation, in Canada, the United States and elsewhere.
Open the AXU Page at The Online Investor »

Company Name:  Alexco Resource Corp
Website:  www.alexcoresource.com
Sector:  Precious Metals
 

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March 31, 2020    10:49 PM Eastern
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Strong Buy (3.50 out of 4)
66th percentile
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