Ximen Mining Financing – Benzinga

0

VANCOUVER, BC / ACCESSWIRE / April 1, 2022 / Ximen Mining Corp. (TSX.V:XIM)(FRA:1XMA)XXMMF (the “Company” or “Ximen”)

is pleased to announce that it has arranged a non-brokered private placement of 10 million units at a price of $0.15 per unit for gross proceeds of $1,500,000. Each unit consists of one common share and one transferable common share purchase warrant. Each whole warrant will entitle its holder to purchase, for a period of 24 months from the date of issue, one additional common share of the Issuer at the exercise price of $0.25 per share.

Directors, officers or other insiders of the Company may participate in the aforementioned offers. There are no material facts or material changes relating to the Company that have not been generally disclosed. A finder’s fee may be paid to eligible intermediaries in accordance with the policies of the TSX Venture Exchange. All securities issued under the offering will be subject to a hold period of four months and one day from the closing date. Both the offer and the payment of the finder’s fee are subject to the approval of the TSX-V.

The net proceeds of the Offering will be used by the Company for exploration expenditures on the Company’s mineral properties in British Columbia and for general working capital.

On behalf of the Board of Directors,

Christopher R. Anderson

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations:
Sophie Cesar
604-488-3900
[email protected]

About Ximen Mining Corp.

Ximen Mining Corp. holds a 100% interest in three of its precious metals 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 former Huldra silver mine. Currently, the Treasure Mountain Silver project is subject to an option agreement. The option partner makes annual cash and stock payments and funds the development of the project. The company also acquired control of the Kenville Gold mine near Nelson in British Columbia which comes with surface and underground rights, buildings and equipment.

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

This press release contains certain “forward-looking statements” within the meaning of Canadian securities This press release contains certain “forward-looking statements” within the meaning of Canadian securities laws, including statements regarding obtaining TSX Venture Exchange and the exercise of the Option by Ximen. Although the Company believes these statements to be reasonable, it cannot guarantee that these expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are usually, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims” , “potential”, “goal”. “, “objective”, “forward-looking” and similar expressions, or that events or conditions “will”, “would”, “could”, “may”, “might” or “should” occur, or are such statements , which by their nature refer to future events. The Company cautions that forward-looking statements are based on the beliefs, estimates and opinions of the management of the Company as of the date the statements are made and that They involve a number of risks and uncertainties, and therefore there can be no assurance that such statements will prove to be accurate and that actual results and future events could differ materially from those anticipated in such statements. Under applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions tion, or other factors, were to change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange may not accept the proposed transaction in a timely manner, if at all. Readers are encouraged to consult the Company’s reports, which are publicly available through the Canadian Securities Administrators’ Electronic Document Retrieval System (SEDAR) at www.sedar.com for an more comprehensive analysis of these risk factors and their potential effects.

This press release does not constitute an offer to sell or the solicitation of an offer to buy securities, and there will be no sale of securities in any state of the United States in which such offer, solicitation or sale would be illegal.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ximen Mining Corporation

888 Dunsmuir Street – Suite 888, Vancouver, BC, V6C 3K4 Tel. : 604-488-3900

THE SOURCE: Ximen Mining Corp.

See the source version on accesswire.com:

https://www.accesswire.com/695594/Ximen-Mining-Financing

Share.

About Author

Comments are closed.