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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.
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Company Name:  Alexco Resource Corp
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
(ranked higher than approx. 66% of all stocks covered)
Based on Zacks ABR data;
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