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Excellon Completes $14.8 Million Bought Deal Financing
Excellon Completes $14.8 Million Bought Deal Financing Canada NewsWire TORONTO, ...
About this update from Excellon Resources Inc.
[{"type":"text","content":"\n\n\n\nExcellon Completes $14.8 Million Bought Deal Financing\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nTORONTO, Nov. 9, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR RELEASE, PUBLICATION, DISTRIBUTION OR DISSEMINATION DIRECTLY, OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES./\n\n\n\nTORONTO, Nov. 9, 2017 /CNW/ - Excellon Resources Inc. (TSX:EXN; EXN.WT; EXN.WT.A) (\"Excellon\" or the \"Company\") is pleased to announce that it has closed its previously announced bought deal public offering of 7,393,750 units (collectively, the \"Units\"), including 768,750 Units issued upon partial exercise of the over-allotment option, at a price of $2.00 per Unit for aggregate gross proceeds of approximately $14.8 million (the \"Offering\"). The Offering was underwritten by Cantor Fitzgerald Canada Corporation, as sole bookrunner and together with PI Financial Corp. as co-lead underwriter, on its own behalf and on behalf of Cormark Securities Inc., Desjardins Securities Inc. and Maison Placements Canada Inc.\n\n\n \n \n\n \nAs 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 $2.80 at any time on or before December 31, 2018. The Warrants are listed on the Toronto Stock Exchange under the symbol EXN.WT.A. \n\nThe Company intends to use the net proceeds of the Offering to fund exploration at the Company's Platosa Project in Durango, Mexico and Miguel Auza Project in Zacatecas, Mexico and for general corporate purposes. For additional details regarding the use of proceeds of the Offering, please see the Company's short form prospectus dated November 2, 2017 that is available under the Corporation's profile on SEDAR at www.sedar.com.\n\nIn connection with the Offering, Eric Sprott purchased 1,250,000 Units (for total consideration of $2,500,000) a...