Excellon Resources Inc T.EXN

Excellon's 'Annual General Meeting' tomorrow

[silverforever]

Although there were many questions concerning Excellon's actions and inactions I believe need to be answered based on posts on this board, I narrowed them to 5 simple questions for anyone going to Excellon's 'Annual General Meeting' tomorrow to ask:    

 

1. Why did you not give shareholders the opportunity to vote for the many options available to pay off its Debentures including the selling, leasing, optioning out and/or spinning off its assets, but Instead gave them only one option which was the Debenture Restructuring Agreement after the Debentures were past due? 
2. Why would you even consider increasing Excellon's outstanding shares from 22 million in 2020 to over 108 million today, diluting thousands of its shareholders equity in Excellon and taking controlling interest away from them and giving it to a few Debenture Holders?
3. Why wasn't financing secured from Debenture Holders as part of the Debenture Restructuring Agreement to at least fund basic operations and priority projects but instead left Excellon with no financing and vulnerable to insolvency, bankruptcy and/or foreclosure?   
4. Did you get shareholder approval before you amended the Debenture Agreement in 2022  changing the security from to 'Properties in Mexico' to the 'Kilgore Project' increasing the financial risks to its shareholders?  
5. Who are the individuals who own these Debentures directly or indirectly, how many of Excellon's shares have they received to date and are there restrictions on selling them on the open market?  

[Mredwing12345]

Hope you get some answers as a shareholder such questions are very relevant moving forward! 

[Mredwing12345]

Well only one person called in on the AGM, so I guess it is fair to write if your disappointed/ agitated have to wait another year or simply sell out.  could be a very interesting summer if no jv or other financing funds can be attained  Bottomline is that once summer comes many of the juniors go into cocoon mode especially if no drilling happening 

[silverforever]

Now that Q4 is over, Lets see how Excellon did. From Excellon Jan 10 NR Update Timeline and Next Steps Report Card Fundraise / recapitalization of Excellon (Q1 2024) Grade F, Not done  Kilgore drill results for 2022 drilling (end Q1 2024)Grade D, Should have been released in 2022 when completed. Value strategy for Silver City (Q2 2024) Grade F, Not done

[Marine2]

silver You state, "Evidently they  spent all shareholders Capital making sure Debenture Holders got 40+ million shares of Excellon's stock ASAP." Excellon has turned into nothing more then a bad joke ! IMHO Eric Sprott was the largest shareholder in this joke,, what happen ? M2

[Mredwing12345]

Isn't there some new free trading paper coming out in late july or early august from debenture holders?

[silverforever]

Marine. IMO, evidence continues to mount (recap just since 2020 below) that this "bad joke" may suggest deliberate 'Fiduciary Negligence' resulting in a transfer of wealth from Excellon's shareholders to others that is way too obvious for authorities to ignore and requires a full investigation.  As far as I can tell, the TSX has not yet done so or has taken any action