By Devika Patel
Knoxville, Tenn., Oct. 30 - Rubicon Minerals Corp. said it plans a private placement of shares to raise C$12.13 million.
The company will sell 4.5 million flow-through common shares at C$1.35 apiece for C$6.08 million and 5.5 million common shares at C$1.10 apiece for C$6.05 million.
Settlement is expected Nov. 18.
The deal will be conducted by GMP Securities LP and a syndicate of agents.
Proceeds will be used for exploration and general and administrative and working capital purposes.
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, common shares
|
| Amount: | C$12,125,000
|
| Warrants: | No
|
| Underwriter: | GMP Securities LP
|
| Pricing date: | Oct. 30
|
| Settlement date: | Nov. 18
|
| Stock symbol: | Toronto: RMX
|
| Stock price: | C$1.21 at close Oct. 30
|
|
|
| Flow-through shares
|
| Amount: | C$6,075,000
|
| Shares: | 4.5 million
|
| Price: | C$1.35
|
|
|
| Common shares
|
| Amount: | C$6.05 million
|
| Shares: | 5.5 million
|
| Price: | C$1.10
|
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