Rhea-AI Summary
Alexco Resource Corp. (AXU) announced a significant financing event on June 24, 2020. The company entered an agreement with underwriters to offer 7,326,100 common shares at $2.73 each, aiming to raise $20,000,253. An over-allotment option allows for an additional 1,098,915 shares to be purchased within 30 days post-closing, expected around July 7, 2020. Proceeds will support development at Keno Hill and general corporate needs. The company has also secured a lead order of $5 million from Wheaton Precious Metals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.86%
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FAQ
What is the market cap of Alexco Resource (AXU)?
The market cap of Alexco Resource (AXU) is approximately 76.5M.