Alexco closes $30 million common share equity financing

July 7, 2020

On July 7, 2020, Alexco Resource Corp. (NYSE/TSX:AXU) (“Alexco”) announced the closing of its public offering of common shares, with a syndicate of underwriters co-led by Cormark Securities and Cantor Fitzgerald Canada Corporation as joint bookrunners, and including Canaccord Genuity Corp., Scarsdale Equities LLC, and Roth Capital Partners. With full subscription of the over-allotment option, Alexco has issued 10,994,000 Common Shares at a price of $2.73 per share for gross proceeds of $30,013,620.

Alexco is a Canadian primary silver company that owns the majority of the historic high-grade Keno Hill Silver District in Canada’s Yukon Territory.

Miller Thomson advised Alexco with a team led by Lucy Schilling (Capital Markets & Securities).