Ximen Mining Closes First Tranche of Financing
- None.
- None.
VANCOUVER, BC / ACCESSWIRE / August 11, 2023 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen") announces that it has closed the first tranche of the private placement previously announced on August 3, 2023. The first tranche consisted of 8,000,000 units for gross proceeds of
All securities issued in connection with the placement closing will be subject to a hold period expiring on December 12, 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 general working capital. The closing of the private placement financing is subject to final TSX-V approval.
There were no finders fees payable on this placement.
On behalf of the Board of Directors,
"Christopher R. Anderson"
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations:
604-488-3900,
ir@XimenMiningCorp.com
About Ximen Mining Corp.
Ximen Mining Corp. owns
This press release includes certain statements that may be deemed "forward-looking statements" within the meaning of Canadian securities legislation. All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions. The reader is urged to refer to the Company's reports, publicly available through the Canadian Securities Administrators' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful.
Neither 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
SOURCE: Ximen Mining Corp.
View source version on accesswire.com:
https://www.accesswire.com/773891/Ximen-Mining-Closes-First-Tranche-of-Financing
FAQ
What is the recent announcement from Ximen Mining Corp. (XIM)?
How many units were issued in the private placement?
What is the intended use of the net proceeds from the private placement?
What is the exercise price of the common share purchase warrant?