The acquisition became effective on April 23, and the company is still planning to offer its shares on the NYSE in the second quarter of this year. This acquisition gives Excellon control of the Platosa and Evolucion mines in Mexico, as well as Silver City in Germany, and Kilgore and Oakley in Idaho, USA. As explained by Mr. Brendan Cahill, Chairman and CEO of Excellon, “The world was a very different place two months ago, when we announced the acquisition of Otis. The price of gold has exceeded market expectations and has performed admirably, generating profits in all currencies.”

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