Excellon Shareholders Approve Share Consolidation

About this update from Excellon Resources Inc.

[{"type":"text","content":"\n\n\n\n\n\nToronto Stock Exchange - EXN\n\n\nTORONTO, April 30, 2013 /CNW/ - Excellon Resources Inc. (TSX:EXN) (\"Excellon\" or \"the Company\"), Mexico's highest grade silver producer, is pleased to report the results from the Company's Annual and Special\n Shareholders Meeting held in Toronto this morning including the\n approval of the previously announced one-for-five share consolidation\n (the \"Consolidation\") with over 95% of shareholders voting in support.\n\n\n\"We are pleased that our shareholders support this initial step in our\n ongoing evolution into a premier silver producer,\" stated Brendan Cahill, President and Chief Executive Officer.  \"This share consolidation should allow us to significantly improve our\n investment profile and provide us with access to new markets both in\n North America and abroad.  Our next steps are to optimize and increase\n production from our high-grade, low-cost La Platosa mine, increase cash\n flow and focus our exploration efforts on expanding and discovering\n more high-grade manto mineralization accessible from existing mine\n infrastructure.\"\n\n\n\"We also welcome our new board members, Ned Goodman and Joanne Ferstman\n to the Excellon team.  They are both company builders and we look\n forward to realizing the immediate benefits and insights they will\n bring to Excellon.\"\n\n\nThe Company's shareholders voted strongly in favour of all resolutions\n put before the meeting, as follows:\n\n\n\n\n\n \n\n\n    % In Favour    \n\n\nApproval of Directors\n\n\n \n\n\nPeter A. Crossgrove\n\n\n97.43%\n\n\nThor E. Eaton\n\n\n98.98%\n\n\nAndré Y. Fortier\n\n\n98.97%\n\n\nAlan R. McFarland\n\n\n98.75%\n\n\nTimothy J. Ryan\n\n\n98.95%\n\n\nOliver Fernández\n\n\n98.95%\n\n\nNed Goodman\n\n\n98.86%\n\n\nJoanne Ferstman\n\n\n99.05%\n\n\nBrendan Cahill\n\n\n99.09%\n\n\n \n\n\n \n\n\nAppointment of Auditors\n\n\n99.01%\n\n\n \n\n\n \n\n\nOne-for-Five Share Consolidation\n\n\n95.50%\n\n\n\n\n\nThe Company has received conditional approval from the Toronto Stock\n Exchange for the Consolidation and expects to receive final approval in\n the coming days, following which the Consolidation will be effected. \n Letters of Transmittal in respect of the Consolidation will be mailed\n on or about May...

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