Mexico’s highest-grade silver producer Excellon Resources on Monday announced that it has reached an agreement with Cantor Fitzgerald Canada to lead a syndicate of underwriters, together with Cantor, in a bought deal financing for total proceeds of C$10-million.
The underwriters had agreed to buy 8.69-million units of Excellon at C$1.15 each. Each unit would comprise one common share and one-half of one common share purchase warrant, with each whole warrant entitling the holder to acquire a further common share of the company at a strike price of C$1.75 apiece for a period of 24 months following closing.
