Alexco Resource Corp. T.AXU

Who's steering the boat after the 7th?

[HardWaySix]

Questions:

I'd like to see more information on exactly who is in charge of running the Keno Hill mine(s) moving forward? Perhaps people here have some ideas or thoughts, as it's not clear to me.

After Sep 7th what happens when AXU is delisted and HL "takes over"?  Will it be a managment case of "out with the old" and "in with the new"?  Or same mo?

Exactly who will be responsible for day to day management and who is on the engineering/exploration and operations side?  Will HL decide to proceed with underground work and stockpile while the mill is shuttered consdering the onset of winter shortly with the existing board?

Will it be the current management/stakeholder team?  If so then what?  Will the Vancouver office still exist with a new shingle on the door that says Hecla?  If this is true then exactly what happened here except another loan provision (with WPM taking home the silver) and HL adding to their portfolio?

Thoughts?

Excerpts from the "Agreement"

"In addition, Hecla will (i) provide interim financing to provide working capital and ensure the development and exploration at Keno Hill continues to be advanced and (ii) subscribe for additional common shares bringing its ownership stake to 9.9%."

"A portion of the loan will be immediately drawn and the remainder available on a revolving basis, and the use of proceeds will be for agreed upon working capital and capital expenditures purposes according to a plan jointly approved by Alexco and Hecla. The loan and share purchase are intended to provide Alexco with immediate working capital to continue development work at Keno Hill and are not conditional upon the completion of the transaction."

[yureja85]

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