10:35 AM EST - Excellon Resources Inc. : And Otis Gold Corp. have entered into a definitive agreement today whereby Excellon will acquire all the issued and outstanding shares of Otis Gold pursuant to a plan of arrangement under the Business Corporations Act (British Columbia). The combined company will be a well-financed precious metals producer with established silver production in Mexico and an attractive gold development project in the United States. The Transaction is an initial step in Excellon becoming a larger multi-asset precious metals company. Excellon Resources Inc.
shares T.EXN are trading down $0.01 at $0.79.
