Excellon Announces Results of 2023 Annual and Special Meeting
Excellon Announces Results of 2023 Annual
and Special Meeting
Toronto, Ontario--(Newsfile Corp. - November 24, 2023) -
Excellon Resources Inc. (TSX: EXN)
(OTCQB: EXNRF) (FSE: E4X2)
("
Excellon
" or the "
Company
") is pleased to report that the holders
(the "
Shareholders
") of common shares of the Company (the "
Shares
") voted in favour of all items of
business at the Company's 2023 Annual and Special Meeting of Shareholders (the "
Meeting
") held on
November 23, 2023.
Shawn Howarth, President and CEO, commented "We are pleased to announce that the proposed
debenture restructuring was approved by Shareholders. Completion of the debenture restructuring,
which is anticipated in the coming weeks, will allow the Company to focus priorities on longer-term
growth and equity recovery. We look forward to providing the market with a detailed corporate update
and strategy in the near term."
Detailed results from the election of directors are set out below:
Director
For
% For
Withheld
% Withheld
Shawn Howarth
9,018,508
97.691
213,130
2.309
Laurence Curtis
9,021,999
97.729
209,639
2.271
Craig Lindsay
9,025,794
97.770
205,840
2.230
Brendan Cahill
8,892,983
96.332
338,651
3.668
The voting results for the other items of business at the Meeting, all as more particularly described in the
management information circular of the Company dated October 24, 2023, are as follows:
For
% For
Against
% Against
Appointment of
Auditor (Ernst &
Young LLP) and
Authorization to
Fix Auditor's
Remuneration
9,126,840
98.856
105,6401.144
1.144
For
% For
Against
% Against
Approval of
Debenture
Interest Shares
Resolution
5,100,212
94.607
290,717
5.393
For
% For
Against
% Against
Approval of
Debenture
Restructuring
Resolution
5,099,822
94.600
291,107
5.400
The formal report on voting results with respect to all matters voted upon at the Meeting will be filed under
the Company's profile on SEDAR+ at
www.sedarplus.ca
.
About Excellon
Excellon's vision is to realize opportunities through the acquisition of advanced development or
producing assets with further potential to gain from an experienced management team for the benefit of
our employees, communities and shareholders. The Company is advancing a portfolio of silver, base
metals and precious metals assets including Kilgore, an advanced gold exploration project in Idaho; and
Silver City, a high-grade epithermal silver district in Saxony, Germany with 750 years of mining history
and no modern exploration.
Additional details on Excellon's properties are available at
www.excellonresources.com
.
For Further Information, Please Contact:
Excellon Resources Inc.
Shawn Howarth, President & Chief Executive Officer
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
All statements, other than statements of historical fact, contained, referenced or incorporated by
reference in this news release constitute "forward-looking statements" and "forward looking
information" (collectively, "
forward-looking statements
") within the meaning of applicable Canadian
and United States securities legislation. Generally, these forward-looking statements can be identified
by the use of forward-looking terminology such as: "actively", "advance", "anticipated", "assess",
"believe", "cause", "commence", "completion", "conditions", "consideration", "continues",
"development", "due course", "expectation", "exploration", "extend", "extension", "flexibility",
"focused", "forbearance", "forward", "further", "future", "if", "implement", "liquidity", "looking",
"maturity", "may", "negotiations", "occur", "opportunities", "options", "outcome", "outstanding",
"potential", "providing", "reach", "restructuring", "risk", "subject to", "to be", "update", "vision", "waive",
"when", "will", and "would", or variations of such words, and similar such words, expressions or
statements that certain actions, events or results can, could, may, should, to, will, would (or not) be
achieved, occur, provide, result, complete or support in the future or which, by their nature, refer to
future events. In some cases, forward-looking information may be stated in the present tense, such as
in respect of current matters that may be continuing, or that may have a future impact or effect.
Forward-looking statements include statements regarding the filing of a report of voting results on
SEDAR+; and Excellon's vision and development of its core asset portfolio. Although the Company
believes that such statements are reasonable, it can give no assurance that such expectations will
prove to be correct, and any forward-looking statements by the Company are not guarantees of future
actions, results or performance. Forward-looking statements are based on assumptions, estimates,
expectations and opinions, which are considered reasonable and represent best judgment based on
available facts, as of the date such statements are made. If such assumptions, estimates,
expectations and opinions prove to be incorrect, actual and future results may be materially different
than expressed or implied in the forward-looking statements. Forward-looking statements are
inherently subject to known and unknown risks, uncertainties, contingencies and other factors which
may cause the actual results or performance of the Company to be materially different from any future
results or performance expressed or implied by the forward-looking statements. Such risks,
uncertainties, contingencies and other factors include, among others, the "Risk Factors" in the
Company's annual information form dated March 31, 2023 (the "
2023 AIF
"), and the risks,
uncertainties, contingencies and other factors identified in this news release, the Company's
Management's Discussion and Analysis, and accompanying financial statements, for the year ended
December 31, 2022 and quarters already ended in 2023, and the Company's other applicable public
disclosure (collectively, "
Company Disclosure
"). The foregoing list of risks, uncertainties,
contingencies and other factors is not exhaustive; readers should consult the more complete
discussion of the Company's business, financial condition and prospects that is provided in the 2023
AIF and the other Company Disclosure. The forward-looking statements referenced or contained in
this news release are expressly qualified by these Cautionary Statements as well as the Cautionary
Statements in the other Company Disclosure. Forward-looking statements contained herein are made
as of the date of this news release (or as otherwise expressly specified) and the Company disclaims
any obligation to update any forward-looking statements, whether as a result of new information, future
events or results or otherwise, except as required by applicable laws.
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https://www.newsfilecorp.com/release/188639