Excellon Resources Inc
TSX:EXNView on OTC Pink - Current Information

  • LAST PRICE
    0.0950
  • TODAY'S CHANGE (%)
    0.0000 (0.0000%)
  • Bid / Lots
    0.0900/ 115
  • Ask / Lots
    0.1000/ 70
  • Open / Previous Close
    --- / 0.0950
  • Day Range
    ---
  • 52 Week Range
    0.0750
    0.2650
  • Volume
    ---

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  • Oct 31, 2024

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    • 8:16PM ET on Thursday Oct 31, 2024 by Dow Jones
      Companies Mentioned: EXN

      Additional details on Excellon's properties are available at www.excellonresources.com.

      For Further Information, Please Contact:

      Excellon Resources Inc.

    • 8:15PM ET on Thursday Oct 31, 2024 by Newsfile
      Companies Mentioned: EXNRF

      Toronto, Ontario--(Newsfile Corp. - October 31, 2024) - Excellon Resources Inc. (TSX: EXN) (OTCQB: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that it has entered into a share purchase agreement (the "Agreement") with Adar Mining Corp. ("Adar") to acquire (the "Acquisition"), subject to the satisfaction of certain conditions, all of the issued and outstanding shares (the "Minera Shares") in the capital of Minera CRC S.A.C. ("Minera CRC"), which holds a 100% interest in the Mallay Property, including the past producing Mallay Silver Mine and the Tres Cerros Exploration Property, in Peru. Pursuant to the Agreement, Adar intends to bid for the Minera Shares pursuant to receivership proceedings under the Bankruptcy and Insolvency Act (Canada) (the "Realization Proceedings"). Adar has agreed to sell, subject to the satisfaction of certain conditions, the Minera Shares to Excellon in exchange for US$1.25 million in upfront cash payments and such number of common shares of Excellon ("Common Shares") that is equal to 12.9% of the issued and outstanding Common Shares on a basic, non-diluted basis, as further described in the Agreement. The Acquisition is subject to, among other things, Adar acquiring the Minera Shares in a proposed sale and investment solicitation process to be conducted in the Realization Proceedings.

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