Rubicon Minerals announces C$100M bought deal financing

|About: Rubicon Minerals Corp. (RBYCF)|By:, SA News Editor

Rubicon Minerals (RBY) says a syndicate of underwriters agrees to purchase 64.6M units on a bought deal basis at a price of C$1.55/unit.

RBY says it plans to use the proceeds from the offering to further develop the Phoenix Gold Project.

Shares halted.