By Sheri Kasprzak
Atlanta, Nov. 24 - Rubicon Minerals Corp. said Wednesday it will raise C$6 million in a private placement.
The company plans to issue about 3.53 million flow-through shares at C$1.70 each.
National Bank Financial Inc. is placement agent in the offering.
The securities involved in the deal are subject to a four-month hold.
Rubicon is a Vancouver, B.C.-based mineral exploration company. The company plans to use the proceeds from the financing to fund a major drill program at its McFinley gold project in Ontario and to fund several drill projects in Newfoundland.
| Issuer: | Rubicon Minerals Corp.
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| Issue: | Flow-through shares
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| Amount: | C$6 million
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| Shares: | 3.53 million
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| Price: | C$1.70
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| Warrants: | No
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| Placement agent: | National Bank Financial Inc.
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| Pricing date: | Nov. 24
|
| Stock price: | C$1.33 at close Nov. 24
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