Mar. 17 at 12:31 AM
Posted on behalf of Excellon ResourcesInc. -
$EXNRF Eric Sprott Backed C
$21.8M Financing for Excellon Resources Mallay Silver Mine Restart
(TSXV: EXN | OTC: EXNRF | FSE: E4X2) has closed a C
$21.8M financing, including a C
$5M investment from Eric Sprott, strengthening the company’s balance sheet as it advances the Mallay silver mine restart in Peru.
Financing summary:
• Bought deal: 28,036,000 shares @ C
$0.60 → C
$16.82M
• Sprott investment: C
$5.0M concurrent placement
• Total proceeds: C
$21.8M
https://www.reddit.com/r/BreakoutStocks/comments/1rvribh/eric_sprott_backed_c218m_financing_for_excellon/