Excellon closes final tranches of private placement of units

Toronto, ontario--(newsfile corp. - may 15, 2024) - excellon resources inc. (tsx: exn) (otcqb: exnrf) (fse: e4x2) ("excellon" or the "company") is pleased to announce that, further to the company's news releases dated april 4, 2024 and april 15, 2024, it has closed the final tranches of its previously announced non-brokered private placement offering (the "offering") of units of the company ("units"), pursuant to which the company sold an additional 3,414,555 units at a price of $0.18 per unit for additional aggregate gross proceeds to the company of approximately $614,620. under the offering, the company sold a total of 7,356,632 units at a price of $0.18 per unit for aggregate gross proceeds to the company of approximately $1,324,194.
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