07:37:36 EDT Fri 26 Apr 2024
Enter Symbol
or Name
USA
CA



Ximen Mining Corp (2)
Symbol XIM
Shares Issued 120,113,899
Close 2023-02-09 C$ 0.115
Market Cap C$ 13,813,098
Recent Sedar Documents

Ximen Mining arranges $180,000 private placement

2023-02-09 17:59 ET - News Release

Mr. Christopher Anderson reports

XIMEN MINING ARRANGES FINANCING

Ximen Mining Corp. has arranged a non-brokered private placement of 1.2 million flow-through shares at a price of 15 cents per share for gross proceeds of $180,000. Each flow-through share consists of one common share that qualifies as a flow-through share as defined in Subsection 66(15) of the Income Tax Act 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 non-flow-through common share of the issuer at an exercise price of 20 cents per share.

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

Finders' fees 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.

Directors, officers or other insiders of the company may participate in the foregoing offerings, and such parties may sell securities of the company owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance participation in such offerings.

About Ximen Mining Corp.

Ximen Mining is focused on acquiring high-grade gold assets in Southern British Columbia, with easy access and solid infrastructure. Ximen aims to build a gold mining company with the blue-sky potential of a land package with multimillion ounces of gold targeting over 10 million ounces. Ximen strives to always to take a 100-per-cent interest in all its projects and assets. The company has bought out all the possible net smelter return royalties on its key mineral precious metal assets and several other assets in the vicinity of its holdings. Simultaneously, Ximen is advancing the Kenville gold mine forward and on the path toward production. The focus remains on meeting all the established targets while at the same time maintaining aversion toward debt and dilution. All while moving forward with responsible development and sustainable mining and exploration practices building ethical and sustainable value.

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 Frankfurt, Munich, and Berlin stock exchanges in Germany under the symbol 1XMA and WKN, with the number as A2JBKL.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.