Excellon Resources Inc T.EXN

Alternate Symbol(s): EXNRF

Metals & Mining Silver

Excellon Resources Inc. is engaged in the acquisition, exploration, and advancement of mineral properties. The Company is advancing a portfolio of silver, base metals and precious metals assets The Company’s project portfolio includes Kilgore, Silver City and Evolucion. The Company’s Kilgore project is an advanced gold exploration project in Idaho. The Kilgore gold project is located in Clark County, Southeastern Idaho. The Kilgore gold project comprises 614 lode mining claims and consists of approximately 6,788 hectares (ha). The Silver City is a high-grade epithermal silver district in Saxony, Germany. The Evolucion property covers 31.28 square kilometers (31,280 ha) and 17 km of strike along the Fresnillo trend, a silver district.

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Excellon Resources Inc

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Post by Thales42on Mar 27, 2020 9:26am

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Post# 30852335

A little birdie whispering number 10 for share consolidation

McEwen Mining 'intends to take steps' to maintain NYSE listing

Allen Sykora Friday March 27, 2020 08:14

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(Kitco News) - McEwen Mining Inc. (NYSE, TSX: MUX) said Friday that the company intends to come up with steps that will allow its share price to continue trading on the New York Stock Exchange.

The company said the price of its shares has fallen below the required level for continued listing of its common stock on the exchange. The NYSE requires that the average closing price of a listed company's shares be above $1 per share, calculated over a period of 30 consecutive trading days. McEwen was notified this week that its average share price for the previous 30 days had fallen below this.

The stock finished Thursday’s trading at 73.87 cents.

“McEwen Mining intends to take steps to regain compliance of the NYSE continued listing requirements,” the company said in a prepared statement. “Under the NYSE's rules, the company has a period of six months to bring its share price and 30-day average closing share price back above $1.”

During this period, the shares will continue to trade on the NYSE. If share prices have not recovered after six months, the stock will be subject to NYSE suspension and delisting procedures, the company said. The listing on the Toronto Stock Exchange is unaffected by any actions of the NYSE.

By Allen Sykora

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