Mr. Christopher Anderson reports
XIMEN MINING CLOSES FINANCING
Ximen Mining Corp. has closed the private placement previously announced on Sept. 18, 2026. The private placement was over subscribed and consisted of 4,393,000 units of the company at a price of eight cents per unit for gross proceeds of up to $351,440. 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 18 months from the date of issue, one additional common share of the issuer at an exercise price of 12 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 and general working capital. All securities issued in connection with the placement closing will be subject to a hold period expiring on Feb. 10, 2027. No finder fees were paid on this placement. The closing of the private placement financing is subject to final TSX-V approval.
About Ximen Mining Corp.
Ximen Mining acquired the Kenville gold mine near Nelson, B.C., including all surface and underground property and mineral rights, buildings, and equipment. The company also owns 100-per-cent interest in three of its precious metal projects located in Southern British Columbia, including 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 an option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project.
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 1XM and WKN with the number as A3E2DA.
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