Excellon Announces Closing of Debt Settlement
Excellon Resources (OTC:EXNRF) has successfully completed a debt settlement transaction with an arm's length creditor. The company settled approximately C$546,000 of debt by issuing 2,427,917 common shares at a deemed price of C$0.225 per share.
The settlement is pending final acceptance from the TSX Venture Exchange, and the issued securities will be subject to a four-month hold period under Canadian securities laws, expiring on January 18, 2026.
Excellon Resources (OTC:EXNRF) ha completato con successo una transazione di settlement debitorio con un creditore indipendente. L’azienda ha estinto circa C$546,000 di debito emettendo 2,427,917 azioni ordinarie a un prezzo presunto di C$0.225 per azione.
La transazione è in attesa dell’accettazione finale da parte della TSX Venture Exchange, e i titoli emessi saranno soggetti a un periodo di lock-up di quattro mesi ai sensi delle leggi sui valori mobiliari canadesi, in scadenza il 18 gennaio 2026.
Excellon Resources (OTC:EXNRF) ha completado con éxito una transacción de liquidación de deuda con un acreedor independiente. La compañía liquidó aproximadamente C$546,000 de deuda mediante la emisión de 2,427,917 acciones ordinarias a un precio considerado de C$0.225 por acción.
La transacción está pendiente de la aceptación final por parte de la TSX Venture Exchange, y los valores emitidos estarán sujetos a un periodo de bloqueo de cuatro meses conforme a las leyes de valores canadienses, que expira el 18 de enero de 2026.
Excellon Resources (OTC:EXNRF)가 독립 채권자와의 부채 정산 거래를 성공적으로 완료했습니다. 약 C$546,000의 부채를 상환하기 위해 2,427,917주의 보통주를 주당 C$0.225의 가정 가격으로 발행했습니다.
정산은 TSX Venture Exchange의 최종 승인을 기다리고 있으며, 발행된 증권은 캐나다 증권법에 따른 네 달 간의 보유 기간이 적용되어 2026년 1월 18일에 만료됩니다.
Excellon Resources (OTC:EXNRF) a conclu avec succès une opération de règlement de dette avec un créancier indépendant. La société a réglé environ C$546,000 de dette en émettant 2 427 917 actions ordinaires à un prix présumé de C$0,225 par action.
Le règlement est en attente de l’acceptation finale par la TSX Venture Exchange, et les titres émis seront soumis à une période de blocage de quatre mois en vertu des lois canadiennes sur les valeurs mobilières, expirant le 18 janvier 2026.
Excellon Resources (OTC:EXNRF) hat erfolgreich eine Schuldenvergleichstransaktion mit einem fremden Gläubiger abgeschlossen. Das Unternehmen hat etwa C$546,000 Schulden durch die Ausgabe von 2,427,917 Stammaktien zu einem angenommenen Preis von C$0,225 pro Aktie beglichen.
Der Vergleich bedarf noch der endgültigen Annahme durch die TSX Venture Exchange; die ausgegebenen Wertpapiere unterliegen einer viermonatigen Haltefrist gemäß kanadischen Wertpapiergesetzen, die am 18. Januar 2026 endet.
Excellon Resources (OTC:EXNRF) قد أتمت بنجاح صفقة تسوية ديون مع دائن مستقل. قامت الشركة بتسوية نحو C$546,000 من الدين من خلال إصدار 2,427,917 سهماً عاديًا بسعر محسوب قدره C$0.225 للسهم الواحد.
تحتفظ الصفقة بموافقة نهائية من TSX Venture Exchange، وسيخضع الأوراق المالية المصدرة لفترة قفل مدتها أربعة أشهر وفقًا لقوانين الأوراق المالية الكندية، وتنتهي في 18 يناير 2026.
Excellon Resources (OTC:EXNRF) 已成功完成与独立债权人的债务和解交易。公司通过发行 2,427,917 股普通股、每股估值为 C$0.225，清偿约 C$546,000 的债务。
和解仍在等待加拿大证券交易所（TSX Venture Exchange）的最终接受；发行的证券将受四个月的锁定期影响，依据加拿大证券法，锁定期将于 2026 年 1 月 18 日到期。
- Elimination of C$546,000 in debt obligations
- Debt settlement achieved without using cash resources
- Dilution of existing shareholders through issuance of 2,427,917 new shares
Toronto, Ontario--(Newsfile Corp. - September 18, 2025) - Excellon Resources Inc. (TSXV: EXN) (OTC Pink: EXNRF) (FSE: E4X2) ("Excellon" or the "Company") is pleased to announce that, further to its news release dated July 3, 2025, it has closed a debt settlement transaction (the "Debt Settlement") with an arm's length creditor of the Company pursuant to which the Company settled approximately C
The Debt Settlement is subject to final acceptance of the TSX Venture Exchange. The securities issued pursuant to the Debt Settlement are subject to a four-month hold period under applicable Canadian securities laws which will expire on January 18, 2026.
About Excellon Resources Inc.
Excellon's vision is to realize opportunities through the acquisition and advancement of quality precious and base metal assets, leveraging an experienced management team for the benefit of its employees, communities and shareholders. The Company is focused on the potential restart of the Mallay Silver Mine in Peru. Excellon also holds a portfolio of exploration-stage projects, including the Tres Cerros Gold/Silver Exploration Property in Peru; Kilgore, an advanced gold project in Idaho; and Silver City, a high-grade epithermal silver district in Saxony, Germany, providing additional growth upside. Additional details on Excellon's properties can be found at www.excellonresources.com.
For Further Information, Please Contact:
Excellon Resources Inc.
Shawn Howarth, President & Chief Executive Officer
info@excellonresources.com
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
All statements, other than statements of historical fact, contained, referenced or incorporated by reference in this news release constitute "forward-looking statements" and "forward looking information" (collectively, "forward-looking statements") within the meaning of applicable Canadian and United States securities legislation. Generally, these forward-looking statements can be identified by the use of forward-looking terminology such as: "actively", "advance", "anticipated", "assess", "believe", "cause", "commence", "completion", "conditions", "consideration", "continues", "development", "due course", "expectation", "exploration", "extend", "extension", "flexibility", "focused", "forward", "further", "future", "if", "implement", "liquidity", "looking", "maturity", "may", "negotiations", "occur", "opportunities", "options", "outcome", "outstanding", "potential", "providing", "reach", "restructuring", "risk", "subject to", "to be", "update", "vision", "waive", "when", "will", and "would", or variations of such words, and similar such words, expressions or statements that certain actions, events or results can, could, may, should, to, will, would (or not) be achieved, occur, provide, result, complete or support in the future or which, by their nature, refer to future events. In some cases, forward-looking information may be stated in the present tense, such as in respect of current matters that may be continuing, or that may have a future impact or effect.
Forward-looking statements include statements regarding the timing and ability of the Company to receive necessary regulatory approvals, including the final acceptance of the Debt Settlement from the TSX Venture Exchange; and the Company's objectives, goals and future plans and strategies. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct, and any forward-looking statements by the Company are not guarantees of future actions, results or performance. Forward-looking statements are based on assumptions, estimates, expectations and opinions, which are considered reasonable and represent best judgment based on available facts, as of the date such statements are made. If such assumptions, estimates, expectations and opinions prove to be incorrect, actual and future results may be materially different than expressed or implied in the forward-looking statements. Forward-looking statements are inherently subject to known and unknown risks, uncertainties, contingencies and other factors which may cause the actual results or performance of the Company to be materially different from any future results or performance expressed or implied by the forward-looking statements. Such risks, uncertainties, contingencies and other factors include, among others, the inability of the Company to receive necessary regulatory approvals; the "Risk Factors" in the Company's annual information form dated March 31, 2025 (the "2025 AIF"), and the risks, uncertainties, contingencies and other factors identified in the Company's Management's Discussion and Analysis, and accompanying financial statements, for the year ended December 31, 2024, and the Company's other applicable public disclosure (collectively, "Company Disclosure"). The foregoing list of risks, uncertainties, contingencies and other factors is not exhaustive; readers should consult the more complete discussion of the Company's business, financial condition and prospects that is provided in the 2025 AIF and the other Company Disclosure. The forward-looking statements referenced or contained in this news release are expressly qualified by these Cautionary Statements as well as the Cautionary Statements in the other Company Disclosure. Forward-looking statements contained herein are made as of the date of this news release (or as otherwise expressly specified) and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except as required by applicable laws.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/266966
FAQ
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