TORONTO, ONTARIO – Excellon Resources Inc. announced that it has completed the second tranche of a $7.5 million best-efforts private placement financing (the “Offering”). Under the second tranche, Excellon sold 3,950,000 common shares for gross proceeds of $750,500. To date Excellon has raised gross proceeds of approximately $3.67 million under the Offering.
The proceeds of the Offering will be used to fund on-going development and for general working capital purposes.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.
PPM was involved.
Toronto Private Placement and Toronto Private Placement Memorandum Writers
Canada Private Placement and Canada Private Placement Memorandum Writers