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Title : Notice something about the Alexco (AXU) bot deal
link : Notice something about the Alexco (AXU) bot deal

Notice something about the Alexco (AXU) bot deal

The involves the following:

1) A bought deal
2) For a development stage silver mining company
3) At a time of great market turmoil
4) And...
5) NBF was not invited into the syndicate.

VANCOUVER, March 25, 2020 /CNW/ - Alexco Resource Corp. (NYSE AMERICAN: AXU;TSX: AXU) ("Alexco" or the "Company") is pleased to announce that further to its previously announced over-night marketed public offering (the "Offering") of common shares of the Company (the "Common Shares"), it has entered into an underwriting agreement with a syndicate of underwriters co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation, and including Canaccord Genuity Corp. (collectively the "Underwriters") to sell 4,054,500 Common Shares at a price of $1.85 per share  (the "Offering Price") for gross proceeds of $7.5 million. The Company has granted to the Underwriters an option (the "Over-Allotment Option"), exercisable in whole or in part, in the sole discretion of the Underwriters, for a period of 30 days from and including the closing of the Offering, to purchase up to an additional 608,175 Common Shares ("Option Shares") at the Offering Price. If the Over-Allotment Option is exercised in full, the total gross proceeds to the Company will be $8.6 million

We were talking markets and my pal comes out with this

"I would find it funny if SilverCrest's share price recovered just as NBF pulls out of the financing."

Personally, I'd find it hilarious. Leopards and spots, NBF. Leopards and spots.

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