BMO Capital Markets, TD Securities were the lead underwriters for deal
By Devika Patel
Knoxville, Tenn., April 9 – Rubicon Minerals Corp. said the underwriters for its private placement of shares of stock opted to exercise the deal’s C$5.12 million greenshoe in full, lifting total proceeds to C$30.21 million. The deal priced for C$15.01 million with a C$5.12 million greenshoe on March 17 and was increased to C$25.09 million with the greenshoe on March 18.
The company sold 23.6 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. Of the shares, 4 million were part of the fully exercised greenshoe.
The offering was 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.
|
| Issue: | Flow-through common shares
|
| Amount: | C$30,208,000, including C$5.12 million greenshoe
|
| Shares: | 23.6 million
|
| Price: | C$1.28
|
| Warrants: | No
|
| Underwriters: | BMO Capital Markets and TD Securities (leads)
|
| Pricing date: | March 17
|
| Upsized: | March 18
|
| Settlement date: | April 9
|
| Stock symbol: | Toronto: RMX
|
| Stock price: | C$1.24 at close March 16
|
| Market capitalization: | C$433.53 million
|
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