An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) announces a non-brokered private placement of 2.5 million units at $0.18 per unit, generating $450,000. Each unit includes one common share and one transferable common share purchase warrant. The net proceeds will fund exploration expenses and general working capital for the company's British Columbia mineral properties.
Positive
None.
Negative
None.
VANCOUVER, BC / ACCESSWIRE / January 11, 2024 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") is pleased to announce that it has arranged a non-brokered private placement of 2.5 million units at a price of $0.18 per unit for gross proceeds of $450,000. 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 36 months from the date of issue, one additional common share of the Issuer at an exercise price of $0.25 per share.
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-V. There is no material fact or material change of the Company that has not been generally disclosed.
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.
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.
On behalf of the Board of Directors,
"Christopher R. Anderson"
Christopher R. Anderson, President, CEO and Director 604 488-3900
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. 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 funding the development of the project. The company has also acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.
What is the recent announcement from Ximen Mining Corp. (XIM)?
Ximen Mining Corp. (XIM) announced a non-brokered private placement of 2.5 million units at $0.18 per unit, raising $450,000 for exploration expenses and general working capital.
What are the details of each unit in the private placement by Ximen Mining Corp. (XIM)?
Each unit consists of one common share and one transferable common share purchase warrant. The warrant entitles the holder to purchase an additional common share at $0.25 per share within 36 months.
How will the net proceeds from the private placement be utilized by Ximen Mining Corp. (XIM)?
The net proceeds will be used for exploration expenses on the company's British Columbia mineral properties and general working capital.
Who may participate in the private placement announced by Ximen Mining Corp. (XIM)?
Directors, officers, or other insiders of the company may participate in the offerings, and they may sell securities owned or controlled by them personally through the facilities of the TSX Venture Exchange to finance their participation.
