Excellon Reports Results Of Annual And Special Meeting Of Shareholders And Appointment Of Vice-President Finance
Toronto, Ontario – May 11, 2017 – Excellon Resources Inc. (TSX:EXN; OTC:EXLLF) ("Excellon" or the “Company") is pleased to report that shareholders voted in favour of all items of business, including the election of directors at the 2017 Annual and Special Meeting held on May 10, 2017. Detailed results from the election of directors are set out below:
|Votes For||% For||Votes Withheld||% Withheld|
|André Y. Fortier||25,316,836||99.8%||50,628||0.2%|
|Alan R. McFarland||25,313,337||99.8%||54,127||0.2%|
|Brendan T. Cahill||25,331,153||99.9%||36,311||0.1%|
Complete voting results are available on SEDAR at www.sedar.com.
“We would like to thank Tim Ryan for his many contributions as Chair of the Audit Committee and to the Company over the last 13 years,” commented André Fortier, Chairman of the Board of Directors. “Tim did not stand for re-election this year. His experience and insights into the industry will be missed and we wish him the best.”
Additionally, the Company has promoted Mr. Ronald Marino to the role of Vice-President Finance. Mr. Marino joined the Company in 2012, most recently serving as Corporate Controller. He has been instrumental in implementing key efficiencies, best practices for reporting standards and streamlining operations between Canada and Mexico. Mr. Marino holds a Master’s Degree in Finance and is a Chartered Accountant. Mr. Marino also brings over twenty years of finance experience in Latin American mining with various companies including Anglo American plc.
“We are very pleased to have Ronald as an officer of the Company”, stated Brendan Cahill, President and CEO. “He has been an integral part of our management team since 2012. We have already benefitted greatly from his expertise and look to leverage this expertise further as we improve operations at Platosa and focus on our growth strategy.
Excellon’s 100%-owned Platosa Mine in Durango is Mexico’s highest grade silver mine, with lead and zinc by-products historically making it one of the lowest cash cost silver mines in the country. The Company is positioning itself to capitalize on undervalued projects by focusing on increasing La Platosa’s profitable silver production and near-term mineable resources.
Additional details on the La Platosa Mine and the rest of Excellon’s exploration properties are available at www.excellonresources.com.
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