TORONTO, Jan. 31,
2023 /CNW/ - Excellon Resources Inc.
(TSX: EXN) (FRA: E4X2) ("Excellon" or
the "Company") is pleased to announce that effective
January 31, 2023, the Company's
common shares will commence trading on the OTCQB Venture Market
(the "OTCQB") in the United
States, under the symbol "EXNRF". The OTCQB is a U.S.
trading platform that is operated by the OTC Markets Group in
New York and is the premiere
marketplace for early-stage and developing U.S. and international
companies. Participating companies must be current in their
reporting and undergo an annual verification and management
certification process.
Excellon's shares will continue to trade on the Toronto Stock
Exchange ("TSX") under the symbol "EXN".
Information relating to Excellon as well as Real-Time level 2
quotes for the Company will be available on www.otcmarkets.com. The
Company also files various documents with the Canadian Securities
Administrators under Excellon's profile on SEDAR at www.sedar.com,
a number of which filings and other information regarding the
Company can additionally be found at www.excellonresources.com.
About Excellon
Excellon's vision is to realize opportunities for the benefit of
our employees, communities and shareholders, through the
acquisition of advanced development or producing assets with
further potential to gain from an experienced operational
management team. The Company is advancing a portfolio of
gold, silver and base 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. The Company has also entered into an
agreement to acquire La Negra, a past-producing Ag-Zn-Cu-Pb mine
with exploration potential, located in Querétaro State,
Mexico.
Additional details on Excellon's properties are available at
www.excellonresources.com.
CAUTIONARY STATEMENTS ON
FORWARD-LOOKING STATEMENTS AND OTHER MATTERS
Forward-Looking Statements
All statements, other than statements of historical fact,
contained, referenced or incorporated by reference in 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: "advancing",
"development", "exploration", "further", "opportunities",
"potential", "project" and "vision", or variations of such words,
and similar such words, expressions or statements that certain
actions, events or results can, could, may, should, will (or not)
be achieved, occur, provide, result or support in the future or
which, by their nature, refer to future events. In some cases,
forward-looking statements 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 Excellon's vision (including the
realization of opportunities, the means thereof, benefits arising
therefrom and basis therefor) and the acquisition of La Negra and
its exploration potential. 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. The
estimates, expectations, models and assumptions of the Company
referenced, contained or incorporated by reference in this news
release which may prove to be incorrect include the various
assumptions and expectations set forth herein and the Company's
other public disclosure (including such specifically referenced
below), as well as the Company's expectations that its common
shares will trade on the OTCQB commencing January 31, 2023 (including related reporting and
annual verification and management certification, and availability
of Company information and Real-Time level 2 quotes on
www.otcmarkets.com), that such common shares will
continue to trade on the TSX (including related reporting on SEDAR)
and that various SEDAR filings and other Company information will
be available on its website. 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, 2022 ("2022 AIF"),
and the risks, uncertainties, contingencies and other factors
identified in this news release, the Management's Discussion &
Analysis of Financial Results for the three and nine months ended
September 30, 2022 (together with the
accompanying financial statements for the same period, the "Q3
2022 Financial Disclosure"), the Company's Management's
Discussion and Analysis, and accompanying financial statements, for
the year ended December 31, 2021 and
prior quarters ended in 2022 (collectively, the "FYE 2021 and
2022 Financial Disclosure"), the Company's two news releases on
January 9, 2023 (the "January 9 News Releases") and the Company's
other applicable public 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 2022 AIF and the other aforementioned documents.
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 Q3 2022 Financial
Disclosure, the FYE 2021 and 2022 Financial Disclosure, the 2022
AIF, the January 9 News Releases and
the Company's other applicable public 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.
SOURCE Excellon Resources Inc.