By Devika Patel
Knoxville, Tenn., March 18 - Excellon Resources Inc. said it completed a C$2.92 million tranche of a C$7.5 million best-efforts private placement of stock.
The company sold 15,403,479 common shares in this tranche.
The deal is being conducted Maison Placements Canada Inc.
Proceeds will be used for development and general working capital purposes..
Toronto-based Excellon is a mineral resource company.
| Issuer: | Excellon Resources Inc.
|
| Issue: | Common shares
|
| Amount: | C$7.5 million
|
| Warrants: | No
|
| Underwriters: | Maison Placements Canada Inc.
|
| Settlement date: | March 18 (for C$2.92 million)
|
| Stock symbol: | Toronto: EXN
|
| Stock price: | C$0.235 at close March 18
|
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