Excellon Resources to Acquire the La Negra Mine in Mexico

Shawn Howarth, CEO of Excellon Resources, joined us for a discussion regarding the acquisition of the La Negra Mine in an all share transaction. Concurrent with the execution of the Agreement, Excellon has entered into a binding term sheet with holders representing approximately 66 2/3% of the principal amount of outstanding convertible debentures to convert 25% of the Debentures into equity and reprice and extend maturity of remaining principal outstanding upon closing the Acquisition.