By Sheri Kasprzak
Atlanta, Dec. 23 - Rubicon Minerals Corp. said it has closed a C$4,330,799 private placement.
The company sold 3,093,428 flow-through shares at C$1.40 each.
On Thursday, the company said has received C$2,380,800 and issued 1,700,571 shares. The company received irrevocable commitments to close another C$550,000 on Dec. 30 and C$1.4 million before Jan. 17.
The offering was first announced Nov. 24 as a C$6 million deal but was downsized Dec. 10 to C$3 million.
First Associates Investments Inc. was the placement agent in the deal.
Based in Vancouver, B.C., Rubicon is a mineral exploration company. It plans to use the proceeds from the offering for a drilling program on its McFinley gold project.
| Issuer: | Rubicon Minerals Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$4,330,799
|
| Shares: | 3,093,428
|
| Price: | C$1.40
|
| Warrants: | No
|
| Placement agent: | First Associates Investments Inc.
|
| Announcement date: | Nov. 24
|
| Settlement date: | Dec. 23
|
| Stock price: | C$1.13 at close Nov. 24
|
| Stock price: | C$1.33 at close Dec. 23
|
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