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Message: Excellon Completes Tranche of Private Placement
| April 2, 2009 |
| Excellon Completes Tranche of Private Placement |
| TORONTO, ONTARIO--(Marketwire - April 2, 2009) - Excellon Resources Inc. (TSX:EXN) is pleased to announce that it has completed a third tranche of a $7.5 million best-efforts private placement financing (the "Offering"). Under this tranche, Excellon sold 10,316,000 common shares for gross proceeds to Excellon of approximately $1.96 million. To date Excellon has raised gross proceeds of approximately $5.63 million under the Offering. The proceeds of the Offering will be used to fund on-going development and for general working capital purposes. The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available. About Excellon Excellon, a mineral resource company operating in Durango State, Mexico, is committed to building value through production, expansion and discovery. The Company is producing silver, lead and zinc from high-grade manto deposits on its Platosa Property, strategically located in the middle of the Mexican silver belt. In fiscal and calendar 2009, Excellon's focus is on expanding its operating capacity and increasing its Mineral Resources through an aggressive exploration program. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system. On behalf of EXCELLON RESOURCES INC. Peter A. Crossgrove, Chairman |
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