By Devika Patel
Knoxville, Tenn., March 19 - Excellon Resources Inc. said it settled a C$750,500 tranche of a C$7.5 million best-efforts private placement of stock. The company raised C$2.92 million in the first tranche on March 18.
The company sold 15,403,479 common shares in the first tranche and 3.95 million shares in this tranche.
The deal is being conducted by 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.
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Issue: | Common shares
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Amount: | C$7.5 million
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Warrants: | No
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Underwriters: | Maison Placements Canada Inc.
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Settlement date: | March 18 (for C$2.92 million), March 19 (C$750,500)
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Stock symbol: | Toronto: EXN
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Stock price: | C$0.235 at close March 18
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