BMO Capital Markets, TD Securities are the lead underwriters for deal
By Devika Patel
Knoxville, Tenn., March 18 – Rubicon Minerals Corp. said it will now raise C$25.09 million a private placement of shares with a C$5.12 million greenshoe. The deal priced for C$15.01 million with the greenshoe on Tuesday.
The company will now sell 19.6 million 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.
The offering is being conducted through a syndicate of underwriters led by BMO Capital Markets and TD Securities.
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.
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Issue: | Flow-through common shares
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Amount: | C$25,088,000
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Greenshoe: | C$5.12 million
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Shares: | 19.6 million
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Price: | C$1.28
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Warrants: | No
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Underwriters: | BMO Capital Markets and TD Securities (leads)
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Pricing date: | March 17
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Upsized: | March 18
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Settlement date: | April 9
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Stock symbol: | Toronto: RMX
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Stock price: | C$1.24 at close March 16
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Market capitalization: | C$433.53 million
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