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Sprott buying at Excellon Resources (T:EXN)

Updated Tuesday Sep 03, 2019 02:32 AM EDT

Eric S. Sprott, a 10% Holder, acquired 945,000 Common Shares on an indirect ownership basis for registered holder 2176423 Ontario Ltd. at a price of $1.060 through a prospectus or prospectus exempt offering on August 27th, 2019. The insider also acquired 472,500 Warrants with an exercise price of $1.400 until August 27, 2021. This represents a $1,001,700 investment into the company's shares and an account share holdings change of 13.8%.

Excellon Resources is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Excellon Resources Inc is a Canada-based mining company operating in Durango and Zacatecas States, Mexico, and is focused on building value through production, expansion, diversification and discovery. Its activities are funded from operating cash flow. The Company's silver production drives transformative exploration. Its wholly-owned subsidiary, such as La Platosa Mine in Durango is Mexico's silver mine, provides lead and zinc production. With around 20,000 hectares of exploration ground surrounding the mine, Excellon Resources Inc is focused on discovering the large-tonnage source of the silver mantos currently being mined. The Company's others property is Miguel Auza, which constitutes an area of over 14,000 hectares and covers sulfide epithermal veins carrying silver, gold, lead and zinc.

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Go to Excellon Resources Inc. (EXN)'s company page

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