Rubicon Minerals Corporation (TSX:RMX) (NYSE MKT:RBY) is pleased to report that it has closed its previously announced bought deal private placement financing of 23,600,000 flow-through common shares of the Company which includes the exercise of the underwriters’ option in full, at a price of C$1.28 per Flow-Through Share for aggregate gross proceeds to the Company of C$30,208,000.
 

The Offering was conducted by a syndicate of underwriters co-led by BMO Capital Markets and TD Securities Inc., and included GMP Securities L.P., National Bank Financial Inc., Canaccord Genuity Corp., Mackie Research Capital Corporation, Desjardins Securities Inc., and PI Financial Corp.
 

The gross proceeds from the Offering will be used to incur eligible Canadian Exploration Expenses.
 

This press 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 (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to or for the account or benefit of a U.S. person (as defined in Regulation S under the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws or 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 projected initial production remains on track for mid-2015, based on current forecasts. The Phoenix Gold Project is fully permitted for projected initial production to 1,250 tonnes per day. In addition, Rubicon controls over 100 square miles of prime exploration ground in the prolific Red Lake gold district and approximately 350 square miles of mineral property interests in the emerging Long Canyon gold district that straddles the Nevada-Utah border in the United States.