BMO Capital Markets, TD Securities are the lead underwriters for deal
By Devika Patel
Knoxville, Tenn., March 17 – Rubicon Minerals Corp. said it will raise C$15.01 million a private placement of shares with a C$5.12 million greenshoe through a syndicate of underwriters led by BMO Capital Markets and TD Securities.
The company will sell 11,725,000 flow-through common shares at C$1.28 apiece on a bought-deal basis. The price per share is a 3.23% premium to C$1.24, the closing share price on March 16.
Settlement is expected April 9.
Proceeds will be used for exploration.
Based in Vancouver, B.C., Rubicon explores for commercially viable gold and base metal deposits.
| Issuer: | Rubicon Minerals Corp.
|
| Issue: | Flow-through common shares
|
| Amount: | C$15,008,000
|
| Greenshoe: | C$5.12 million
|
| Shares: | 11,725,000
|
| Price: | C$1.28
|
| Warrants: | No
|
| Underwriters: | BMO Capital Markets and TD Securities (leads)
|
| Pricing date: | March 17
|
| Settlement date: | April 9
|
| Stock symbol: | Toronto: RMX
|
| Stock price: | C$1.24 at close March 16
|
| Market capitalization: | C$452.06 million
|
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