By Devika Patel
Knoxville, Tenn., Feb. 13 - Rubicon Minerals Corp. said it negotiated a C$40 million private placement of stock.
The company will sell 25 million common shares at C$1.60 per share on a bought-deal basis.
The deal will be conducted by GMP Securities LP and a syndicate of underwriters.
Settlement is expected March 5.
Proceeds will be used for general and administrative and working capital purposes.
Based in Vancouver, B.C., Rubicon is a mineral exploration-stage company that explores for commercially viable gold and base metal deposits.
| Issuer: | Rubicon Minerals Corp.
|
| Issue: | Common shares
|
| Amount: | C$40 million
|
| Shares: | 25 million
|
| Price: | C$1.60
|
| Warrants: | No
|
| Underwriter: | GMP Securities LP
|
| Pricing date: | Feb. 13
|
| Settlement date: | March 5
|
| Stock symbol: | Toronto: RMX
|
| Stock price: | C$1.82 at close Feb. 12
|
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