11:45:16 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Ximen Mining Corp (2)
Symbol XIM
Shares Issued 98,728,334
Close 2022-03-31 C$ 0.195
Market Cap C$ 19,252,025
Recent Sedar Documents

Ximen Mining arranges $1.5-million private placement

2022-04-01 09:38 ET - News Release

Mr. Christopher Anderson reports

XIMEN MINING FINANCING

Ximen Mining Corp. is pleased to announce that it has arranged a non-brokered private placement of 10 million units at a price of 15 cents per unit for gross proceeds of $1.5-million. Each unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 24 months from the date of issue, one additional common share of the Issuer at an exercise price of 25 cents per share.

Directors, officers or other insiders of the company may participate in the foregoing offerings. There is no material fact or material change of the company that has not been generally disclosed. A finder's fee may be paid to eligible finders in accordance to the TSX Venture Exchange (TSX-V) policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offering and payment of finders fees are both subject to approval by the TSX-V.

The net proceeds from the offering will be used by the company for exploration expenses on the company's British Columbia mineral properties and general working capital.

About Ximen Mining Corp.

Ximen Mining owns a 100-per-cent interest in three of its precious metal projects located in southern British Columbia. Ximen`s two gold projects the Amelia gold mine and the Brett epithermal gold project. Ximen also owns the Treasure Mountain silver project adjacent to the past-producing Huldra silver mine. Currently, the Treasure Mountain silver project is under a option agreement. The option partner is making annual staged cash and stocks payments as well as financing the development of the project. The company has also acquired control of the Kenville gold mine near Nelson, B.C., which comes with surface and underground rights, buildings and equipment.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the United States under the symbol XXMMF, and in the Frankfurt, Munich and Berlin stock exchanges in Germany under the symbols 1XMA and WKN with the number as A2JBKL.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.