Alexco Resource Corp Amends Terms of $7 Million Private Placement

Alexco Resource Corp. (TSX:AXR, NYSE:AXU)  announced that they have amended terms of its previously announced private placement.

As quoted in the press release:

Stonecap Securities Inc. will now act as agent in connection with the private placement of up to 2,100,000 “flow-through” common shares of the Company at a price of $3.35 per Flow-Through Share for gross proceeds of up to $7,035,000. The Offering remains fully placed, and closing remains scheduled for on or about April 23, 2013. All other terms of the Offering remain the same as previously announced.

Alexco’s President and CEO, Clynt Nauman, said:

In this recent market, it is particularly prudent to protect our treasury with the obligation and objective of enhancing value through continued but measured exploration in the Keno Hill Silver District.

To view the whole press release, click here.