Excellon renews share buyback program

About this update from Excellon Resources Inc.

[{"type":"text","content":"\n\n\nTORONTO, Nov. 29, 2013 /CNW/ - Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) (\"Excellon\" or\n the \"Company\"), Mexico's highest grade silver producer, is pleased to announce that the Toronto Stock Exchange (the \"TSX\") has\n approved the notice of its intention to make a normal course issuer bid\n (the \"NCIB Program\").\n\n\nThe Company filed the NCIB Program to allow for market purchases of the\n Company's common shares.  Pursuant to the terms of the NCIB Program,\n Excellon shall be permitted to purchase common shares for cancellation\n through the facilities of the TSX at the prevailing market price of the\n common shares.  The Company may purchase a maximum of 5,225,271 common\n shares (or 10% of the total public float) pursuant to the NCIB Program.\n Purchases will be subject to a daily maximum of 6,740 common shares,\n except where such purchases are made in accordance with the \"block\n purchase exception\" under the TSX Company Manual.  The average daily\n trading volume for the six month period ending October 31, 2013 was\n 26,956 common shares.\n\n\nExcellon may make purchases from time to time commencing on December 3,\n 2013 and ending on December 2, 2014.  The NCIB Program has been\n implemented to improve shareholder liquidity and trading volumes and to\n allow purchases of common shares by the Company during periods where\n such common shares are undervalued relative to the Company's business\n and future prospects.\n\n\nDuring the past 12 months, the Company purchased 232,800 common shares\n at a weighted average price per security of $1.59 under its previous\n normal course issuer bid program.\n\n\nExcellon had 55,052,897 issued and outstanding common shares as at the\n close of business on November 20, 2013.\n\n\nAbout Excellon\n\n\nExcellon's 100%-owned and royalty-free La Platosa Mine in Durango is\n Mexico's highest grade silver mine, with lead and zinc by-products\n making it one of the lowest cash cost silver mines in the country.  The\n Company is positioning itself to capitalize on undervalued projects by\n focusing on increasing La Platosa's profitable silver production and\n near-term mineable resources.\n\n\nAdditional details on the La Platosa Mine and Excellon's exploration\n properties are available at www.excellonresources.com.\n\n\nForward-Looking Statement...

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