By Devika Patel
Knoxville, Tenn., April 2 - Excellon Resources Inc. said it settled a third tranche of a C$7.5 million best-efforts private placement of stock for C$1.96 million.
The company raised C$2.92 million in the first tranche on March 18 and C$750,500 in the second tranche on March 19.
The company sold 15,403,479 common shares in the first tranche and 3.95 million shares in the second tranche. It sold 10,316,000 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), March 19 (C$750,500), April 2 (for C$1.96 million)
|
Stock symbol: | Toronto: EXN
|
Stock price: | C$0.235 at close March 18
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.