By Devika Patel
Knoxville, Tenn., Nov. 18 - Rubicon Minerals Corp. said it took in C$9.7 million in a private placement of shares. The deal priced for C$12.13 million Oct. 30.
The company sold 4.5 million flow-through common shares at C$1.35 apiece for C$6.08 million, as planned, and 3,296,300 common shares at C$1.10 apiece for C$3.63 million.
It had planned to sell 5.5 million common shares for C$6.05 million.
The deal was 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
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Amount: | C$9,700,930
|
Warrants: | No
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Underwriter: | GMP Securities LP
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Pricing date: | Oct. 30
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Settlement date: | Nov. 18
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Stock symbol: | Toronto: RMX
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Stock price: | C$1.21 at close Oct. 30
|
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Flow-through shares
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Amount: | C$6,075,000
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Shares: | 4.5 million
|
Price: | C$1.35
|
|
Common shares
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Amount: | C$3,625,930
|
Shares: | 3,296,300
|
Price: | C$1.10
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