Excellon announces brokered private placement of common shares for gross proceeds of up to c$8 million

Toronto, ontario--(newsfile corp. - august 26, 2025) - excellon resources inc. (tsxv: exn) (otc pink: exnrf) (fse: e4x2) ("excellon" or the "company") is pleased to announce that it has entered into an agreement with red cloud securities inc. ("red cloud") pursuant to which red cloud and velocity trade capital ltd. will act as co-lead agents and joint bookrunners on behalf of a syndicate of agents (the "agents") in connection with a "best efforts" private placement (the "offering") of up to 40,000,000 common shares in the capital of the company (the "offered shares") at a price of c$0.20 per offered share (the "offering price") for aggregate gross proceeds to the company of up to c$8,000,000.
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