Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 (6-k)
11 Avril 2022 - 1:35PM
Edgar (US Regulatory)
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 April 2022. |
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: April 11, 2022 |
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Mike Clark
Chief Financial Officer |
Exhibit 99.1
ALEXCO ANNOUNCES $13.1 MILLION NON-BROKERED PRIVATE
PLACEMENT OF COMMON SHARES
VANCOUVER, BC, April 11, 2022 /CNW/ - Alexco Resource
Corp. (NYSE: AXU) (TSX: AXU) ("Alexco" or the "Company") is pleased to announce that it has entered
into an agreement for a non-brokered private placement offering (the "Offering") of 7,473,495 common shares (the
"Shares") at a price of $1.75 per share, raising gross proceeds of $13,078,616 for the Company.
The Company intends to use the net proceeds of the
Offering for general corporate purposes, including to fund the continued ramp-up of mining operations at Keno Hill.
The closing of the Offering is expected on or about
April 13, 2022 (the "Closing Date") and is subject to customary closing conditions including regulatory approval from
the Toronto Stock Exchange and NYSE American.
The Shares were subscribed for pursuant to a subscription
agreement which confirms, among other things, the availability of an exemption from the prospectus requirements of applicable securities
laws in respect of the sale of Shares in the Offering.
The Shares being issued pursuant to the Offering are
subject to a statutory hold period expiring four months and one day after closing of the Offering. None of the Shares will be registered
under the United States Securities Act of 1933, as amended (the "1933 Act"), and none of them may be offered or sold
in the United States absent registration or an applicable exemption from the registration requirements of the 1933 Act. This press release
shall not constitute an offer to sell or a solicitation of an offer to buy nor there any sale of the securities in any state where such
offer, solicitation, or sale would be unlawful.
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 commercial production and commenced concentrate production and shipments in the
first quarter of 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.
Website: www.alexcoresource.com
Forward-Looking Statements
Some statements ("forward-looking statements")
in this news release contain forward-looking information concerning the Offering, made as of the date of this news release. Forward-looking
statements may include, but are not limited to, statements with respect to the use of proceeds from the Offering and the anticipated closing
date of the Offering. 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 involved in fluctuations in commodity prices and currency exchange rates; the risks and uncertainties related to the
Offering not being completed in the event that the conditions precedent thereto (including receipt of requisite regulatory approvals)
are not satisfied; uncertainties related to raising sufficient financing in a timely manner and on acceptable terms; and other risks and
uncertainties disclosed in Alexco's annual information form and Form 40-F, and other information released by Alexco and filed with the
applicable regulatory agencies. 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, the assumptions that all regulatory approvals will be received in a timely manner and on acceptable
terms; that general business conditions will not change in a materially adverse manner and that the Offering will proceed as planned.
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:https://www.prnewswire.com/news-releases/alexco-announces-13-1-million-non-brokered-private-placement-of-common-shares-301522559.html
SOURCE Alexco Resource Corp.
View original content: http://www.newswire.ca/en/releases/archive/April2022/11/c3665.html
%CIK: 0001364128
For further information: Clynton R. Nauman, Chairman and Chief Executive
Officer; Rajni Bala, Investor Relations and Communications Lead, Phone: (778) 945-6577, Email: info@alexcoresource.com
CO: Alexco Resource Corp.
CNW 07:00e 11-APR-22
This regulatory filing also includes additional resources:
ex991.pdf
Alexco Resource (AMEX:AXU)
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