01:36:24 EDT Sun 26 Mar 2023
Enter Symbol
or Name

Ximen Mining Corp (2)
Symbol XIM
Shares Issued 120,113,899
Close 2023-01-26 C$ 0.14
Recent Sedar Documents

Ximen Mining arranges $720,000 private placement

2023-01-27 10:48 ET - News Release

Mr. Christopher Anderson reports


Ximen Mining Corp. has arranged a non-brokered private placement of eight million units at a price of nine cents per unit for gross proceeds of $720,000. 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 60 months from the date of issue, one additional common share of the issuer at an exercise price of 20 cents per share. The term of the warrants may be accelerated if the issuer's shares trade at or above a price of 25 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice.

A finder's fee may be paid to eligible finders in accordance with the TSX Venture Exchange 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 Venture Exchange. There is no material fact or material change of the company that has not been generally disclosed.

The company anticipates closing on/or about Jan. 31, 2023.

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

About Ximen Mining Corp.

Ximen Mining owns 100-per-cent interest in three of its precious metal projects located in Southern B.C. Ximen's two gold projects are 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 an 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.

We seek Safe Harbor.

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