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Alexco Closes $9.2 Million Flow-Through Equity Financing

Jan 27, 2022•over 3 years ago

Amount Raised

$9.2 Million

Vancouver

Description

Alexco Resource Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") announces that it has closed the previously announced flow-through bought deal public offering (the "Offering") with a syndicate of underwriters led by Cormark Securities Inc. and including Canaccord Genuity Corp., A.G.P./Alliance Global Partners and Roth Canada, ULC (collectively the "Underwriters"). With full exercise of the Underwriters' over-allotment option, the Company has issued a total of 3,610,425 "flow-through" common shares (the "Flow-Through Shares") for gross proceeds of C$9,200,273.70.

Company Information

Company

Alexco

Location

Vancouver, Washington, United States

About

Alexco is a Canadian primary silver company that owns and operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory, one of the highest-grade silver deposits in the world. Alexco is currently advancing Keno Hill to commercial production and commenced concentrate production and shipments in the first quarter of 2021. Keno Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation's mineral resources through successful exploration.