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Message: COMPLETES FINAL TRANCHE OF PRIVATE PLACEMENT
Toronto Stock Exchange – EXN
No.8 – 2009
EXCELLON COMPLETES FINAL TRANCHE OF PRIVATE PLACEMENT
Toronto, Ontario – April 15, 2009 – Excellon Resources Inc. (TSX: EXN) is pleased to announce that it has completed the final tranche of a best-efforts private placement financing (the “Offering”). Under the final tranche, Excellon sold 9,141,300 common shares for gross proceeds of approximately $1.73 million. The private placement is now complete, pursuant to which Excellon issued an aggregate 38,810,779 common shares for aggregate gross proceeds of approximately $7.37 million. Excellon now has 198,054,436 shares issued and outstanding.
Maison Placements Canada Inc. provided assistance on an exclusive basis to Excellon in this Offering.
The proceeds of the Offering will be used to fund on-going development and for general working capital purposes.
The securities described herein have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States unless registered under the Act or unless an exemption from registration is available.
About Excellon
Excellon, a mineral resource company operating in Durango State, Mexico, is committed to building value through production, expansion and discovery. The Company is producing silver, lead and zinc from high-grade manto deposits on its Platosa Property, strategically located in the middle of the Mexican silver belt. In fiscal and calendar 2009, Excellon's focus is on expanding its operating capacity and increasing its Mineral Resources through an aggressive exploration program. The Platosa Property, not fully explored, has several geological indicators of a large mineralized system.
On behalf of
EXCELLON RESOURCES INC.
"Peter A. Crossgrove"
Peter A. Crossgrove,
Chairman
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