Toronto, Ontario–(Newsfile Corp. – March 28, 2024) – Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) (“Excellon” or the “Company”) is pleased to announce that it has closed its previously announced restructuring of the outstanding 5.75% secured convertible debentures of the Company (the “Debentures“) to reduce the outstanding principal amount of the Debentures to C$7.5 million, representing a 58% reduction in principal, and to amend the terms of the remaining Debentures (collectively, the “Debenture Restructuring“).
Shawn Howarth, President and CEO, commented, “The Debenture Restructuring is a significant first step towards equity growth for Excellon shareholders. The reduction and extension of the remaining Debentures provides our shareholders with increased exposure to a high quality gold project at Kilgore, and an emerging European-focused silver exploration opportunity at Silver City.”
Debenture Repurchase
The…
