By Devika Patel
Knoxville, Tenn., Oct. 25 - Rubicon Minerals Corp. said it plans a private placement of shares to raise C$10,000,080.
The company will sell 4,651,200 flow-through shares on a "bought-deal" basis at C$2.15 apiece.
Closing is expected Nov. 19.
Research Capital Corp., the underwriter, will be paid a 7% commission in shares, calculated at C$1.78 per share.
Proceeds will be used for exploration and development of the company's mineral properties.
Based in Vancouver, B.C., Rubicon Minerals is a mineral exploration-stage company that explores for commercially viable gold and base metal deposits.
| Issuer: | Rubicon Minerals Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$10,000,080
|
| Shares: | 4,651,200
|
| Price: | C$2.15
|
| Warrants: | No
|
| Underwriter: | Research Capital Corp.
|
| Fees: | 7% in shares
|
| Pricing date: | Oct. 25
|
| Settlement date: | Nov. 19
|
| Stock symbol: | Toronto: RMX
|
| Stock price: | C$1.78 at close Oct. 24
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
