Hecla signs all-stock deal for Alexco Resource
Hecla Mining Co. has signed a deal to buy the shares in Alexco Resource Corp. it does not already hold in an all-stock agreement valued at about $74 million (U.S.).
Alexco is the owner and operator of the Keno Hill Silver District in the Yukon. Under the proposal, Hecla will issue about 18 million shares to Alexco shareholders or 0.116 of a Hecla share for each Alexco share. The offer implies a value for Alexco shares at about 47 cents US.
BUSINESS
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2022-07-06T07:00:00.0000000Z
2022-07-06T07:00:00.0000000Z
https://torontostar.pressreader.com/article/282041920834091
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