Excellon Resources (TSE:EXN) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Excellon Resources Inc. has successfully completed the first tranche of its private offering, raising approximately $709,574 through the issuance of units at $0.18 each, which include a share and a purchase warrant. The company plans to use the funds to finalize assay results from its Kilgore Project drill program, with the remaining assay results expected to be released in the coming weeks. The offering, which awaits final Toronto Stock Exchange approval, was conducted in Canada, the United States, and internationally under private placement exemptions.
For further insights into TSE:EXN stock, check out TipRanks’ Stock Analysis page.