trending Market Intelligence /marketintelligence/en/news-insights/trending/h2ywfrba_o9x1ezgthevbq2 content
BY CONTINUING TO USE THIS SITE, YOU ARE AGREEING TO OUR USE OF COOKIES. REVIEW OUR
PRIVACY & COOKIE NOTICE
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Excellon Resources raises C$15.2M via bought-deal financing

Lithium Sector - Production and Supply Outlook

Connected Car Connectivity Growing As Cars Get Smarter

State Of Indonesian Online Video: Subscription

Virtual Multichannel Revenues Projected To Soar In Next Five Years


Excellon Resources raises C$15.2M via bought-deal financing

Excellon ResourcesInc. said July 26 that it has raised C$15.2 million under its bought-deal public offeringof 13,250,000 units, including 1,728,260 units issued upon exercise of the overallotmentoption, at C$1.15 apiece.

Each unit consists of 1 common share and 0.5 of a common sharepurchase warrant. Each warrant entitles the holder to acquire an additional commonshare for C$1.75 for a period of 24 months following closing.

Shareholder Eric Sprott purchased 5,826,826 units for a totalconsideration of C$6.7 million. He now holds an aggregate 14,433,082 common sharesand 6,246,746 warrants, representing a 19.3% interest in the company on a non-dilutedbasis, and a 25.5% interest in a partially diluted basis, assuming the exerciseof all the warrants.

Proceeds from the offering will be used to fund the company'sexploration activities at the Platosa silver-lead-zinc-gold mine in Mexico's Durango state, to fund CapExat the Platosa mine and MiguelAuza mill, and for working capital and general corporate purposes.

The offering was underwritten by CantorFitzgerald Canada Corp., Sprott Private Wealth LP, Cormark Securities Inc. and PIFinancial Corp.