UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form 6-K
REPORT
OF FOREIGN PRIVATE ISSUER
PURSUANT
TO RULE 13a-16 OR 15d-16
UNDER
THE SECURITIES EXCHANGE ACT OF 1934
For the month of June 2021. |
Commission File
Number 001-33621 |
ALEXCO RESOURCE
CORP.
(Translation
of registrant's name into English)
Suite 1225,
Two Bentall Centre
555 Burrard
Street, Box 216
Vancouver,
BC V7X 1M9 Canada
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover of Form 20-F or Form 40-F.
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ]
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ]
SUBMITTED
HEREWITH
SIGNATURES
Pursuant to
the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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ALEXCO RESOURCE CORP. |
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(Registrant) |
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By: |
/s/ Mike Clark |
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Date: June 10, 2021 |
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Mike Clark
Chief Financial Officer |
Exhibit 99.1
Alexco Closes C$28.75 Million Bought Deal Equity
Financing
VANCOUVER, June 10, 2021 /CNW/ - Alexco Resource
Corp. (NYSE American: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that it has
closed the previously announced bought deal public offering (the "Offering") with a syndicate of underwriters (the
"Underwriters") co-led by Cormark Securities Inc. and Cantor Fitzgerald Canada Corporation and including R.F. Lafferty
& Co., Inc., A.G.P./Alliance Global Partners and Roth Capital Partners, LLC (collectively the "Underwriters"). With
full exercise of the Underwriters' over-allotment option, the Company has issued a total of 8,214,450 common shares (the "Shares") at
a price of C$3.50 per Share (the "Offering Price") for gross proceeds of $28,750,575.
In connection with the Offering, the Company has paid
the Underwriters a cash commission equal to 1.5% on approximately $2.875 million of the aggregate gross proceeds (representing the proceeds
raised from sales to members of the President's List) and a cash commission equal to 5.0% on the remaining gross proceeds of approximately
$25.875 million.
The net proceeds from the sale of the Shares will
be used for development and site expenditures at Keno Hill and for general corporate and working capital purposes, as set out in more
detail in the Prospectus (as defined below) as filed on the Company's profile on www.sedar.com.
The Offering was completed pursuant to a prospectus
supplement dated June 7, 2021 to the short form base shelf prospectus of the Company dated November 2, 2020 (collectively, the "Prospectus")
in the provinces of British Columbia, Ontario, Alberta, Saskatchewan, and Manitoba, in the United States on a private placement basis
pursuant to an exemption from the registration requirements of the U.S. Securities Act of 1933, as amended (the "U.S. Securities
Act") and applicable state securities laws and other jurisdictions outside of Canada and the United States on an exempt basis.
The securities offered have not been and will not
be registered under the U.S. Securities Act, or under any securities laws of any state of the United States, and may not be offered or
sold, directly or indirectly, or delivered within the United States or to, or for the account or benefit of, a U.S. person or person
in the United States, except in certain transactions exempt from the registration requirements of the U.S. Securities Act and any applicable
securities laws of any state of the United States. This release does not constitute an offer to sell or a solicitation to buy such securities
in the United States, Canada or in any other jurisdiction where such offer, solicitation or sale is unlawful. "United States"
and "U.S. person" are as defined in Regulation S under the U.S. Securities Act.
About Alexco
Alexco is a Canadian primary silver company that owns
and operates the majority of the historic Keno Hill Silver District, in Canada's Yukon Territory, one of the highest-grade silver deposits
in the world. Alexco is currently advancing Keno Hill to production and started concentrate production and shipments in Q1 2021. Keno
Hill is expected to produce an average of approximately 4.4 million ounces of silver per year contained in high quality lead/silver and
zinc concentrates. Keno Hill retains significant potential to grow and Alexco has a long history of expanding the operation's mineral
resources through successful exploration.
Please visit the Alexco website at www.alexcoresource.com
Some statements ("forward-looking statements")
in this news release contain forward-looking information concerning plans related to Alexco's business and other matters that may occur
in the future, made as of the date of this news release including the intended use of proceeds. Forward-looking statements are subject
to a variety of known and unknown risks, uncertainties and other factors which could cause actual events or results to differ from those
expressed or implied by the forward-looking statements. Such factors include, among others, risks related to legislative and/or regulatory
changes; risks and uncertainties relating to the COVID-19 pandemic including but not limited to business closures, travel restrictions,
quarantines and a general reduction in consumer activity; actual results and timing of exploration and development, mining, environmental
services and remediation and reclamation activities; future prices of silver, gold, lead, zinc and other commodities; possible variations
in mineral resources, grade or recovery rates; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes
and other risks of the mining industry; First Nation rights and title; continued capitalization and commercial viability; global economic
conditions; competition; and delays in obtaining governmental approvals or financing or in the completion of development activities. Forward-looking
statements are based on certain assumptions that management believes are reasonable at the time they are made. In making the forward-looking
statements included in this news release, Alexco has applied several material assumptions, including, but not limited to, that circumstances
surrounding the COVID-19 pandemic, although evolving, will stabilize or at least not worsen; that the extent to which COVID-19 may impact
the Company, including without limitation disruptions to the mobility of Company personnel, costs associated with implementation of health
and safety protocols, increased labour and transportation costs, and other related impacts, will not change in a materially adverse manner;
that Alexco will be able to raise additional capital as necessary, that the proposed exploration and development activities will proceed
as planned, and that market fundamentals will result in sustained silver, gold, lead and zinc demand and prices. There can be no assurance
that forward-looking statements will prove to be accurate and actual results and future events could differ materially from those anticipated
in such statements. Alexco expressly disclaims any intention or obligation to update or revise any forward-looking statements whether
as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.
View original content:http://www.prnewswire.com/news-releases/alexco-closes-c28-75-million-bought-deal-equity-financing-301310074.html
SOURCE Alexco Resource Corp.
View original content: http://www.newswire.ca/en/releases/archive/June2021/10/c9143.html
%CIK: 0001364128
For further information: Clynton R. Nauman, Chairman and Chief Executive
Officer; Paul Jones, Sr. VP Corporate Development, Phone: (604) 889-6077, Email: info@alexcoresource.com
CO: Alexco Resource Corp.
CNW 08:42e 10-JUN-21
This regulatory filing also includes additional resources:
ex991.pdf
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