Alexco closes $28.75 million bought deal equity financing

June 10, 2021

On June 10, 2021, Alexco Resource Corp. (NYSE:AXU; TSX:AXU) (“Alexco”) announced the closing of its bought deal public offering with a syndicate of underwriters (the “Underwriters”) co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation and including R.F. Lafferty & Co., Inc., A.G.P./Alliance Global Partners and Roth Capital Partners, LLC (collectively the “Underwriters”). With full exercise of the Underwriters’ over-allotment option, the Company has issued a total of 8,214,450 common shares (the “Shares”) at a price of C$3.50 per Share (the “Offering Price”) for gross proceeds of $28,750,575.

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.

Miller Thomson advised Alexco with a team led by Lucy Schilling and comprised of Dezarae Senft and Ashley Ainsley (Capital Markets & Securities); Lesley Kim and Catherine Brayley (Corporate Tax); as well as Monika Satani (Paraprofessional).