Excellon Resources Inc. T.EXN

Significant demand from existing investors !

[Marine2]

Lets hope this, ""significant demand from existing investors"" spills over into our share price  going up now that the PP is "closed. Would be nice to see $1.25 one more time !

""Due to significant demand from existing investors, Excellon Resources Inc. has increased to $15-million the previously announced private placement of secured convertible debentures"".

Lets hope 

M2

[Bakunin6]

Existing investors had the shares to sell to buy the debenture. Now that it's closed I think we'll see resistance dry up. Much higher today, more next week. It's hat holding season.

[cyanide5]

the PP is not closed yet. They just increased the amount..  I bought some more today as this one is lagging the other silver juniors.. the miners seem to be disconnected from price of gold and silver for the last few days (in case of silver since yesterday and incase of gold the last week). While silver was up 6% yesterday, miners were barely green. Gold has been up almost 50 bucks and the

[cyanide5]

I was just looking at the June presentation. Kilgore itself is probably 80% of the mkt cap of EXN at current gold prices.. may be 100% of the mkt cap.. so we get silver properties for free.. 

[Bakunin6]

Right you are cyanide5. I seem to have jumped the gun on the closing of the db. Lol. I was wondering why we're still dealing with resistance. Anyway, it'll fly on the closing. Should only be a few days.

[Marine2]

Bakunin Thats ok,, I thought it was closed to. "  The Financing is subject to approval by the Toronto Stock Exchange and final documentation and is expected to close in the coming days"   Shares being sold in the market now in order to buy the convertible debentures that have Warrant exercisable at a price of $1.15 for a period of three years from the