Excellon Resources Completes $15.2 Million Bought Deal Financing

http://www.juniorminingnetwork.com/junior-miner-news/press-releases/506-tsx/exn/22745-excellon-resources-completes-15-2-million-bought-deal-financing.html

Excellon Resources Inc. (TSX: EXN) (OTC: EXLLF) (“Excellon” or the “Company”) is pleased to announce that it has closed its previously announced bought deal public offering of 13,250,000 units (collectively, the “Units”), including 1,728,260 Units issued upon exercise of the over-allotment option, at a price of $1.15 per Unit for aggregate gross proceeds of approximately $15.2 million (the “Offering”). The Offering was underwritten by Cantor Fitzgerald Canada Corporation, Sprott Private Wealth L.P., Cormark Securities Inc. and PI Financial Corp.

As previously announced, each Unit consists of one common share in the capital of the Company (each a “Common Share”) and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant shall entitle the holder to acquire one additional Common Share at a price of $1.75 for a period of 24 months following the closing of the Offering.

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