Toronto, Ontario–(Newsfile Corp. – May 14, 2025) – Excellon Resources Inc. (TSXV: EXN) (FSE: E4X2) (“Excellon” or the “Company“) is pleased to announce that it has closed its previously announced brokered private placement (the “Offering“) for aggregate gross proceeds to the Company of C$8,000,000.09, which includes the full exercise of the agents’ option. Pursuant to the Offering, the Company sold an aggregate of 76,190,477 units of the Company (the “Units“) at a price of C$0.105 per Unit.
Each Unit consisted of one common share of the Company (each, a “Common Share“) and one-half of one common share purchase warrant of the Company (each whole warrant, a “Warrant“). Each Warrant will entitle the holder thereof to purchase one Common Share (each, a “Warrant Share“) at a price of C$0.15 per Warrant Share at any time on or before May 14, 2028.
Red Cloud Securities Inc., as lead agent and sole bookrunner, together with Velocity Trade…
