By Devika Patel
Knoxville, Tenn., May 14 - Excellon Resources Inc. said it completed a C$10.01 million private placement of stock. The deal priced for up to C$10 million on April 30.
The company sold 7.7 million common shares at C$1.30 apiece.
The deal was conducted by Maison Placements Canada Inc.
Proceeds will be used for exploration and development and general working capital purposes.
Toronto-based Excellon is a mineral resource company.
| Issuer: | Excellon Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$10.01 million
|
| Shares: | 7.7 million
|
| Price: | C$1.30
|
| Warrants: | No
|
| Underwriter: | Maison Placements Canada Inc.
|
| Pricing date: | April 30
|
| Settlement date: | May 14
|
| Stock symbol: | Toronto: EXN
|
| Stock price: | C$1.33 at close April 30
|
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