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Rubicon Minerals Announces Closing of C$12 Million Flow-Through Financing

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Rubicon Minerals Announces Closing of C$12 Million Flow-Through Financing

 

 

 

 

 

Rubicon Minerals Corporation (TSX:RMX) (NYSE MKT:RBY) is pleased to report that it has closed its previously announced bought deal financing of 7,060,000 flow-through common shares of the Company at a price of C$1.70 per Flow-Through Share for aggregate gross proceeds to the Company of C$12,002,000.
The Offering was conducted by a syndicate of underwriters co-led by TD Securities Inc. and BMO Capital Markets, and included National Bank Financial Inc. and Canaccord Genuity Corp.
The gross proceeds from the Offering will be used to incur eligible Canadian Exploration Expenses.
The Flow-Through Shares were offered by way of a short form prospectus in all of the provinces of Canada (except Quebec) pursuant to National Instrument 44-101 Short Form Prospectus Distributions.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless an exemption from such registration is available.
About Rubicon Minerals Corporation

 

Rubicon Minerals Corporation is an advanced stage gold development company. The Company is focused on responsible and environmentally sustainable development of its Phoenix Gold Project in Red Lake, Ontario. The start of potential gold production is projected in mid-2015, based on current forecasts. The Phoenix Gold Project is fully permitted for initial production at 1,250 tonnes per day. In addition, Rubicon controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district which hosts Goldcorp’s high-grade, world class Red Lake Mine.

Posted July 23, 2014

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