Proposal to Streamline Excellon's Capital Structure The Board of Directors has proposed the consolidation of the Company's common shares on a five-for-one basis (the "Consolidation"). The Board is convinced that the Consolidation will contribute to immediate and long-term shareholder value post-Consolidation by, among others:
- increasing the breadth and sophistication of the Company's eligible investor base;
- increasing trading volume in the stock through a broader investor base;
- increasing the valuation level and investment profile of the common shares as the Company should no longer be considered a "penny stock"
- aligning the nominal market price of the common shares with those of the Company's peers.