Rubicon Minerals announces closing of Cdn $86 million bought deal financingadmin
Rubicon Minerals Corporation announce that it has closed its previously announced bought deal equity financing of 18,975,000 common shares (which includes the exercise in full of the over-allotment option of 2,475,000 common shares) at a price of Cdn$4.55 per share for aggregate gross proceeds to the Company of Cdn$86,336,250.
The Company plans to use the net proceeds from the offering to advance the development of the Phoenix Gold Project and for general working capital and other corporate purposes.
The common shares were offered by way of a short form prospectus filed in all of the provinces of Canada, other than Quebec, pursuant to National Instrument 44-101 – Short Form Prospectus Distributions and in the United States on a private placement basis pursuant to an exemption from the registration requirements of the United States Securities Act of 1933, as amended (the “U.S. Securities Act”).