Toronto, Ontario–(Newsfile Corp. – April 22, 2025) – Excellon Resources Inc. (TSX: EXN) (FSE: E4X2) (“Excellon” or the “Company“) is pleased to announce that as a result of strong investor demand, the Company has increased the size of its previously announced “best efforts” private placement (the “Offering“) from aggregate gross proceeds of up to C$5,000,000 to aggregate gross proceeds of up to C$6,500,000. The upsized Offering is comprised of the sale of up to 61,904,762 units of the Company (the “Units“) at a price of C$0.105 per Unit (the “Offering Price“). Eric Sprott has made a lead order to subscribe for Units under the Offering.
Each Unit will consist of one common share of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant shall entitle the holder to purchase one common share of the Company (each, a “Warrant Share“) at a price of C$0.15 per Warrant Share at any…
