RE:RE:RE:Excellon needs to be broken up and pieces spun out…. or JV’sAlex
Here is the reason no won will deal with Exellon and cash is running out.
This is a death nail in Excellon'scoffin. IMO contingent value rights of Excellon, providing for aggregate cash payments equal to the equivalent
of up to 1,500 troy ounces of gold upon the achievement of certain milestones;
• a 2% net smelter returns royalty on the unpatented claims comprising the Kilgore Project; and
a 25% interest in Saxony Silver Corp., which holds the Silver City Project.
Extended the maturity date of the Debentures from July 31, 2024 to August 31, 2026;
• Decreased the conversion price from C$5.30 to C$0.10 per Common Share;
Who would be interested in dealing with Excellon assets under these terms ?
Bankruptcy IMHO
M2