Excellon Resources launches C$5M private placement backed by Eric Sprott

  • Excellon Resources Inc (TSX:EXN, OTCQB:EXNRF) announced plans for a private placement offering of up to C$5 million, with prominent Canadian investor Eric Sprott participating as a lead order. Net proceeds from the offering will be used to advance development of the Mallay Mine in Peru, as well as for working capital and general corporate purposes, the company said.