Can this account for the Big Blow Out! Seems to me that doing Blow Outs is this guy's STYLE:

Rubicon Increases Treasury by $16 million on Exercise of May 2007 Warrants

Rubicon Minerals Corporation (RMX.TSX; RBY.NYSE-AMEX) is pleased to announce it has received proceeds of $16,024,265, pursuant to the exercise of May 2007 warrants, priced at $1.50, which expired May 19th, 2009. As a result of these exercises, the Company has issued 10,682,843 new common shares and has a cash position as of the date of this release of approximately $68.6 million. As of May 20th, the Company had no remaining warrants outstanding.

“These warrant exercises further strengthen our treasury to allow us to aggressively expand the F2 Gold Zone where we recently commenced a $25 million, 80,000-metre underground and surface diamond drill program”, stated David Adamson, President and CEO.

Rubicon Minerals Corporation is a well-funded exploration and development company, focusing on exploring for gold in politically safe jurisdictions with high geological potential. Rubicon controls over 65,000 acres of prime exploration ground in the prolific Red Lake gold district of Ontario which hosts Goldcorp's high-grade, world class Red Lake Mine. In addition to its Red Lake holdings, Rubicon controls over 380,000 acres surrounding the Pogo Mine in Alaska as well as 225,000 acres in northeast Nevada. Rob McEwen, President and CEO of McEwen Capital and former Chairman and CEO of Goldcorp, owns 25% of the issued shares of the Company.

RUBICON MINERALS CORPORATION
"David W. Adamson"
President & CEO