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TORONTO, ONTARIO--(Marketwired - Feb. 19, 2014) - Rubicon Minerals Corporation (TSX:RMX)(NYSE MKT:RBY) ("Rubicon" or the "Company") announces that it has entered into an agreement with a syndicate of underwriters bookrun by TD Securities Inc. and BMO Capital Markets (collectively, the "Underwriters"), who have agreed to purchase, on a bought deal basis, 64,600,000 units of the Company (the "Units") at a price of C$1.55 per Unit for gross proceeds of C$100,130,000. The Underwriters will also have the option, exercisable in whole or in part at any time up to 30 days after the closing of the offering ("Closing"), to purchase up to an additional 9,690,000 Units. The Underwriters can elect to exercise the option for Units, common shares only, warrants only, or any combination thereof. In the event that the over-allotment option is exercised in its entirety, the aggregate gross proceeds of the offering will be C$115,149,500. Closing is expected to occur on or about March 12, 2014 and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange, NYSE MKT and the securities regulatory authorities. |
