/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES
OR FOR DISSEMINATION IN THE U.S./
TSX: RMX | OTCQX: RBYCF
TORONTO, Feb. 26, 2018 /CNW/ - Rubicon Minerals
Corporation (TSX: RMX | OTCQX: RBYCF) ("Rubicon" or the
"Company") announces it has closed its previously reported
bought deal private placement financing of 7,122,034 flow-through
common shares of the Company (the "Flow-Through Common
Shares"), which includes the exercise of the underwriters'
option in part, at a price of C$1.53
per Flow-Through Common Share for aggregate gross proceeds to the
Company of C$10,896,712 (the
"Offering").
The Offering was conducted by a syndicate of underwriters led by
BMO Capital Markets and including TD Securities Inc., Laurentian
Bank Securities Inc. and Mackie Research Capital Corporation.
The gross proceeds from the Offering will be used for Canadian
Exploration Expenses (("CEE") (within the meaning of the
Income Tax Act (Canada)),
and the Company will renounce such CEE with an effective date of no
later than December 31, 2018.
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.
PDAC 2018
The Company will be attending the Prospectors & Developers
Association of Canada 2018
International Convention, Trade Show and Investors Exchange at the
Metro Convention Centre in Toronto,
Ontario, Canada. Rubicon will be exhibiting at booth
#IE2420B between March 6-7, 2018.
President and Chief Executive Officer, George Ogilvie, P.Eng.,
will be at the booth on Tuesday, March 6, 2018 to engage
with investors and other stakeholders. Mr. Ogilvie will also be
providing a short presentation on Monday,
March 5, 2018 at 3:45pm ET in
room #802 of the Metro Convention Centre.
About Rubicon Minerals Corporation
Rubicon Minerals
Corporation is an advanced gold exploration company that owns
the Phoenix Gold Project, located in the prolific Red Lake gold district in northwestern
Ontario, Canada. Additionally,
Rubicon controls over 280 square kilometres of prime exploration
ground in Red Lake and more than
900 square kilometres of mineral property interests in the emerging
Long Canyon gold district that straddles the Nevada-Utah
border in the United States.
Rubicon's shares are listed on the Toronto Stock Exchange
(RMX) and the OTCQX markets (RBYCF). For more
information, please visit our website at
www.rubiconminerals.com.
RUBICON MINERALS CORPORATION
George Ogilvie, P.Eng.
President, CEO and Director
Cautionary Statement regarding Forward-Looking Statements
and other Cautionary Notes
This news release contains statements that constitute
"forward-looking statements" and "forward looking information"
(collectively, "forward-looking statements") within the meaning of
applicable Canadian and United
States securities legislation. Generally, these
forward-looking statements can be identified by the use of
forward-looking terminology such as "believes", "intends", "may",
"will", "should", "plans", "anticipates", "potential", "expects",
"estimates", "forecasts", "budget", "likely", "goal" and similar
expressions or statements that certain actions, events or results
may or may not be achieved or occur in the future. In some cases,
forward-looking information may be stated in the present tense,
such as in respect of current matters that may be continuing, or
that may have a future impact or effect. Forward-looking statements
reflect our current expectations and assumptions, and are subject
to a number of known and unknown risks, uncertainties and other
factors which may cause our actual results, performance or
achievements to be materially different from any anticipated future
results, performance or achievements expressed or implied by the
forward-looking statements. Forward-looking statements include, but
are not limited to statements regarding the anticipated use of
proceeds of the Offering.
Forward-looking statements are based on the opinions and
estimates of management as of the date such statements are made and
represent management's best judgment based on facts and assumptions
that management considers reasonable. If such opinions and
estimates prove to be incorrect, actual and future results may be
materially different than expressed in the forward-looking
statements.
Forward-looking statements involve known and unknown risks,
uncertainties and other factors which may cause the actual results,
performance or achievements of Rubicon to be materially different
from any future results, performance or achievements expressed or
implied by the forward-looking statements. Such factors include,
among others: possible variations in mineralization, grade or
recovery or throughput rates; uncertainty of mineral resources,
inability to realize exploration potential, mineral grades and
mineral recovery estimates; actual results of current exploration
activities; actual results of reclamation activities; uncertainty
of future operations, delays in completion of exploration plans for
any reason including insufficient capital, delays in permitting,
and labour issues; conclusions of future economic or geological
evaluations; changes in project parameters as plans continue to be
refined; failure of equipment or processes to operate as
anticipated; accidents and other risks of the mining industry;
delays and other risks related to operations; timing and receipt of
regulatory approvals; the ability of Rubicon and other relevant
parties to satisfy regulatory requirements; the ability of Rubicon
to comply with its obligations under material agreements including
financing agreements; the availability of financing for proposed
programs and working capital requirements on reasonable terms; the
ability of third-party service providers to deliver services on
reasonable terms and in a timely manner; risks associated with the
ability to retain key executives and key operating personnel; cost
of environmental expenditures and potential environmental
liabilities; dissatisfaction or disputes with local communities or
First Nations or Aboriginal Communities; failure of plant,
equipment or processes to operate as anticipated; market conditions
and general business, economic, competitive, political and social
conditions; our ability to generate sufficient cash flow from
operations or obtain adequate financing to fund our capital
expenditures and working capital needs and meet our other
obligations; the volatility of our stock price, and the ability of
our common stock to remain listed and traded on the TSX.
Forward-looking statements contained herein are made as of
the date of this news release and Rubicon disclaims any obligation
to update any forward-looking statements, whether as a result of
new information, future events or results or otherwise, except as
required by applicable securities laws. Readers are advised to
carefully review and consider the risk factors identified in the
Company's annual information form dated March 28, 2017 under the heading "Risk Factors"
and in other continuous disclosure documents of the Company filed
at www.sedar.com for a discussion of the factors that could cause
Rubicon's actual results, performance and achievements to be
materially different from any anticipated future results,
performance or achievements expressed or implied by the
forward-looking statements. Readers are further cautioned that the
foregoing list of assumptions and risk factors is not exhaustive
and it is recommended that prospective investors consult the more
complete discussion of Rubicon's business, financial condition and
prospects that is included in this news release. The
forward-looking statements contained herein are expressly qualified
by this cautionary statement.
SOURCE Rubicon Minerals Corporation
