Business
Excellon announces share consolidation effective May 8, 2013
Toronto Stock Exchange - EXN TORONTO, May 6, 2013 /CNW/ - Excellon Resources Inc. (T...
About this update from Excellon Resources Inc.
[{"type":"text","content":"\n\n\n\n\n\nToronto Stock Exchange - EXN\n\n\nTORONTO, May 6, 2013 /CNW/ - Excellon Resources Inc. (TSX:EXN) (\"Excellon\" or \"the Company\"), Mexico's highest grade silver producer, is pleased to announce that the Toronto Stock Exchange (the \"Exchange\") has approved the consolidation of the Company's common shares (\"Common Shares\") on a basis of one (1) post-consolidation Common Share for each five\n (5) pre-consolidation Common Shares (the \"Consolidation\") and has no objection to the Common Shares trading on a post\n consolidated basis effective at the opening of market on Wednesday May\n 8, 2013 under the new CUSIP number 30069C207.\n\n\nLetters of transmittal with respect to the Consolidation have been\n mailed out to all registered shareholders by the Company's transfer\n agent, Computershare Investor Services Inc. (\"Computershare\"). The letter of transmittal describes the process by which registered\n shareholders may obtain new certificates representing consolidated\n Common Shares and all registered shareholders of the Company will be\n required to send their certificates representing pre-Consolidation\n Common Shares with a properly executed letter of transmittal to\n Computershare, in accordance with the instructions provided in the\n letter of transmittal.  No fractional Common Shares will be issued.\n Where the Consolidation results in a fractional Common Share, the\n number of post-Consolidation Common Shares will be rounded down to the\n nearest whole Common Share. Shareholders who hold their Common Shares\n through a broker or other intermediary and do not have Common Shares\n registered in their name will not need to complete a letter of\n transmittal.\n\n\nAbout ExcellonAn Evolution in High Grade Silver:  Excellon's 100%-owned La Platosa Mine in Durango is Mexico's highest\n grade silver mine, with lead and zinc by-products making it one of the\n lowest cash cost silver mines in the country.  The Company is\n positioning itself to capitalize on undervalued projects by focusing on\n increasing La Platosa's profitable silver production and near term\n mineable resources.\n\n\nThe Toronto Stock Exchange has not reviewed and does not accept\n responsibility for the adequacy or accuracy of the content of this\n press release, which has been prepared by management. This press\n release contains...