Key Developments: Excellon Resources Inc (EXLLF.PK)
1.66USD
18 Jun 2013
$0.10 (+6.60%)
$1.56
$1.55
$1.66
$1.55
35,216
20,942
$3.49
$1.40
Latest Key Developments (Source: Significant Developments)
Excellon Resources Inc Announces Appointment Of Chief Executive Officer
Excellon Resources Inc announced that Brendan Cahill, currently President, was appointed as Chief Executive Officer by the Board. Full Article
Excellon Resources Inc Appoints New President
Excellon Resources Inc announced that the Board of Directors has appointed Mr. Brendan Cahill to the position of President of the Company. Mr. Peter Crossgrove will continue in his roles as Executive Chairman and Chief Executive Officer. Full Article
Excellon Resources Inc Announces Drill Campaign at DeSantis Project, Timmins
Excellon Resources Inc announced that it has commenced a 5,000 metres (m) diamond drilling program on its DeSantis Project in Timmins, Ontario. Full Article
Excellon Resources Inc Announces Management Changes
Excellon Resources Inc announced the resignation of Mr. Steve Poad, Chief Financial Officer effective immediately. Mr. Rupy Dhadwar, has been appointed Chief Financial Officer effective immediately. Full Article
Excellon Resources Inc. Provides Update On Illegal Action At La Platosa Mine, Durango Mexico
Excellon Resources Inc. announced that that on July 9, members of the Edijo de La Sierrita (The Edijo), assisted by the NGO group PRODESC and Sindicato Nacional de Trabajadores Mineros Metalúrgicos, Siderúrgicos y Similares de la República Mexicana which is affiliated with the United Steelworkers Union of Canada (USW) commenced an illegal action at the Company's La Platosa Mine, located in Durango Mexico. The State and Federal Governments have informed the Company that this action is illegal and as such, Excellon has filed criminal charges for damages against all members and groups who are participating in this illegal action. The Company has the full support of the State and Federal Governments on this issue and continues to work with the Government to assist in ending this action as soon as possible, so that the workers of La Platosa can return to the mine and resume their livelihoods. At this time, the Company understands that the Edijo, under the advice of PRODESC, has refused to meet with local government representatives. Mining activity at La Platosa continues to be suspended, however essential services are being maintained. At present the Company continues to produce concentrate from stockpiled material at its mill, Miguel Auza located in Zacatecas State, however, it is expected that the stockpile will be depleted within the next few days. At that time, a decision will be made regarding potential layoffs at Miguel Auza while this action continues. Full Article
Excellon Resources Inc. Announces Resignation Of CEO
Excellon Resources Inc. announced that effective June 1, 2012, Mr. Jeremy Wyeth, Chief Executive Officer (CEO) has resigned from the Company to pursue other interests. Mr. Peter Crossgrove, Executive Chairman, will take over as Chief Executive Officer in the interim. Full Article
Golden Minerals Co Announces Sale Of Platosa Royalty For $2.4 Million To Excellon Resources Inc
Golden Minerals Co announced the sale of the Company's 1% net smelter royalty interest in the Platosa property to Excellon Resources Inc. (Excellon) for $2.4 million. The Platosa property, which is located north of Torreon, Mexico, is a silver, lead and zinc mine owned by Excellon. At current metal prices, the Company was realizing approximately $400,000 per year in royalty payments. Closing of the transaction is anticipated within thirty days with an effective date of June 1, 2012. Full Article
Excellon Resources Inc. Announces Normal Course Issuer Bid
Excellon Resources Inc. announced that the Toronto Stock Exchange (the TSX) has approved the notice of its intention to make a normal course issuer bid. Pursuant to the terms of the bid, Excellon may purchase its own common shares (the Shares) for cancellation through the facilities of the TSX at the prevailing market price of the Shares. It is expected that the maximum number of Shares, which may be purchased by Excellon, will not exceed 13,957,462, being approximately 5% of the total issued and outstanding Shares (excluding any securities held by or on behalf of Excellon). Purchases will be subject to a daily maximum of 65,530 Shares, except where such purchases are made in accordance with the block purchase exemption under applicable TSX policy. Excellon will effect purchases at varying times commencing on December 1, 2011 and ending on November 30, 2012 . Full Article
Excellon Resources Inc. Completes Arrangement With Lateegra Gold Corp
Lateegra Gold Corp and Excellon Resources Inc. announced the completion of the previously announced arrangement between Excellon and Lateegra pursuant to which Excellon has acquired all of the common shares of Lateegra. Under the Arrangement, Lateegra shareholders will receive 0.54 common shares (Exchange Ratio) of Excellon for each Lateegra Share that they own. Outstanding Lateegra warrants and options shall be exchanged for Excellon warrants and options, as applicable, with the number and exercise price of such Lateegra warrants and options adjusted in accordance with the Exchange Ratio. The other terms and conditions of such Lateegra warrants and options shall remain unchanged. Pursuant to the terms and conditions of the Arrangement, as endorsed by the Court, and as further described in the management information circular of Lateegra dated June 27, 2011, Lateegra Shares that are not tendered prior to August 5, 2017 will cease to represent any claim against or interest of any kind or nature in Lateegra, Excellon or any other party. Full Article
Excellon Resources Inc. Announces Managerial Changes
Excellon Resources Inc. announced the appointment of a new President and Chief Executive Officer Jeremy Wyeth as well as the appointment of a new Chief Financial Officer Steve Poad. Mr. Crossgrove will stay on as Executive Chairman. Excellon would also like to thank Mr. Robert Whittall for his diligent and valuable service as CFO and we wish him every success going forward. Mr. Whittall is retiring for personal reasons. Full Article
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