AGORACOM News Flash

AGORACOM WIRE - WEDNESDAY MAY 23RD

LOMIKO METALS - Graphite and Zinc Price Outlook is Favourable Through 2013 Read More

Lomiko owns 100% of the 5,407 Ha Vines Lake Zinc Property and has an agreement to acquire 100% of the Quatre Milles Graphite Property which has recently been expanded to 3,780 Ha.
The price for flake graphite is $ 1,500 - 3,000 per tonne depending on flake size and grade.

Lomiko Metals is a *Sponsor | Visit the Lomiko Metals HUB

AGORACOM LAUNCHES FACEBOOK HUB Facebook closes at $34, below IPO price ... Now What? ... BUY? SELL? GO TO HUB

GOT GRAPHITE? AGORACOM Graphite Stocks Blog Visit Blog

2.46 MILLION OUNCES PGM + GOLD - Pacific North West Capital Corp (TSX:PFN) Read More AGORACOM Twitter: On Palladium Equivalent, PFN has 3.94M ounce M&I resource http://stks.co/3uSb Anglo Platinum a major shareholder *CLIENT

Message: Closes $6 Million Flow-Through Private Placement

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »

Clavis

Rank: [?]

President

Points: [?]

23987

Rating: [?]

Votes: 222 Score: 3.5

Currently 3.6/5 Stars.

Your Vote:

Please Log In to Vote

Did you know? You can earn activity points by filling your profile with information about yourself (what city you live in, your favorite team, blogs etc.

Closes $6 Million Flow-Through Private Placement

posted on Mar 17, 09 11:21AM

March 17, 2009

Alexco Closes $6 Million Flow-Through Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwire - March 17, 2009) - Alexco Resource Corp. (TSX:AXR)(NYSE Alternext US:AXU) ("Alexco" or the "Company") is pleased to announce that it has today closed the non-brokered private placement previously announced on March 9, 2009, issuing a total of 3,428,572 flow-through common shares at a purchase price of $1.75 per flow-through share for total gross proceeds of $6,000,000.

Detailed mine planning and underground drilling are currently in progress at the Bellekeno property, financed by capital provided under the silver purchase agreement with Silver Wheaton Corp. (TSX:SLW)(NYSE:SLW) entered into in the fourth quarter of calendar 2008. Alexco intends to use the proceeds from today's flow-through financing to continue exploration of its other historic silver-lead-zinc mineral properties located in the Yukon's Keno Hill district such as Onek, Elsa and Keno 700. Alexco also intends to pursue new targets being developed in the historically unexplored regions of its district holdings, including the McQuesten valley.

About Alexco

Alexco's business is to unlock value and manage risk at mature, closed or abandoned mine sites through integration and implementation of the Company's core competencies which include management of environmental services, execution of mine reclamation and closure operations and if appropriate, rejuvenation of exploration and development activity.

Reply New Message

« Prev Message Back To Forum Go to Threaded View Next Message »