Excellon subsidiary Saxony Silver launches $2.13 million private placement at $20.8 million valuation

Excellon Resources

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Excellon Resources subsidiary Saxony Silver entered binding subscription agreements for a non-brokered private placement raising CAD 2.13 million at a CAD 20.8 million pre-money valuation for Silver City Project.
Offering covers 4,250 units priced at CAD 500 each; each unit includes 1 common share of Saxony Silver plus 0.5 warrant.
Warrants carry exercise price of CAD 750 for 36 months from closing.
Excellon issues no securities; its Saxony Silver stake expected to shift to about 68.1% on undiluted basis from 75%.
Net proceeds earmarked for exploration at Silver City Project plus working capital; closing targeted on or about May 15, 2026.

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