Excellon Announces Brokered Private Placement of Common Shares for Gross Proceeds of up to C$8 Million

Core Viewpoint - Excellon Resources Inc. has announced a brokered private placement of common shares, aiming to raise gross proceeds of up to C$8 million through the sale of up to 40 million shares at a price of C$0.20 per share [1][2]. Group 1: Offering Details - The offering includes an option for agents to sell an additional 5 million shares, potentially raising an extra C$1 million [2]. - The net proceeds from the offering will be utilized for the development of the Mallay Mine, working capital, and general corporate purposes [2]. - The offering is expected to close around September 9, 2025, subject to regulatory approvals [5]. Group 2: Regulatory Compliance - The shares will be offered to purchasers in all Canadian provinces except Québec, under the "listed issuer financing exemption" [3]. - The shares may also be offered in the United States and other jurisdictions through private placements, adhering to applicable laws [3]. Group 3: Company Overview - Excellon Resources Inc. focuses on acquiring and advancing quality precious and base metal assets, with a particular emphasis on the potential restart of the Mallay Silver Mine in Peru [8]. - The company also holds exploration-stage projects, including the Tres Cerros Gold/Silver Exploration Property in Peru, Kilgore in Idaho, and Silver City in Germany, providing additional growth opportunities [8].