Eric Sprott announces that on December 3, 2024, 2176423 Ontario Ltd., a corporation beneficially owned by him, acquired 1,500,000 Units of the
Excellon Resources Inc. through a private placement, at $0.105 per Unit for total consideration of $157,500. Each Unit consists of one common share and one-half of one Share purchase warrant , with each whole Warrant entitling the holder to acquire one Share at $0.15 for 24 months from the date of issuance. Prior to the acquisition, Mr. Sprott controlled 4,293,143 Shares representing approximately 3.7% of the outstanding Shares. As a result of the acquisition, Mr. Sprott now beneficially owns and/or controls 5,793,143 Shares and 750,000 Warrants, representing approximately 4.2% of the outstanding Shares on a non-diluted basis and 4.8% o...