trending Market Intelligence /marketintelligence/en/news-insights/trending/PecXRshbRexRSxJAgdTgqA2 content esgSubNav
In This List

Alexco looks to raise up to C$10M via unit sales

Blog

Japan M&A By the Numbers: Q4 2023

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023


Alexco looks to raise up to C$10M via unit sales

AlexcoResource Corp. on April 27 announced plans to raise up to C$10.0million via a nonbrokered private placement of up to 8,340,000 units at C$1.20each.

Each unit will consist of 1 common share and 0.5 of anon-transferable common share purchase warrant. Each warrant entitles theholder to purchase 1 additional share of the company at C$1.75 per share in twoyears following the date of issuance.

If the closing price of company's common shares on the TSXis higher than C$2.50 for 10 consecutive days four months after the closingdate, the warrants may expire 10 trading days after the trigger date.

Proceeds will be used for exploration and development activitieson the company's assets and for general corporate purposes.