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Ximen Mining Corp (XXMMF) is a mineral exploration company focused on acquiring high-grade gold assets in southern British Columbia. The company owns several precious metal projects, including the Amelia Gold Mine, the Brett Epithermal Gold Project, and the Treasure Mountain Silver Project. Ximen is committed to sustainable mining practices and is currently working on a clean electricity generation project for the Kenville Gold Mine to meet zero-emission targets.
Ximen Mining Corp (OTCQB: XXMMF) updates shareholders on the Kenville Gold Mine permit status following a call with Major Mines of BC on December 8, 2022. The company expects two permits: one from the Ministry of Energy and another from the Ministry of Environment. The draft permit from Mines is complete, while the Environment draft is also ready for submission. Both permits will include conditions and require a brief review before final approval. The company aims to operate sustainably and provide significant employment opportunities in the region.
Ximen Mining Corp (OTCQB: XXMMF) announced a non-brokered private placement of 7 million flow-through shares at $0.07 each, raising gross proceeds of $490,000. The shares will fund exploration on its British Columbia properties. Each share includes a warrant allowing the purchase of an additional non-flow-through share at Cdn$0.10 for five years. The offering is pending TSX Venture Exchange approval, and insiders may participate. With a focus on acquiring high-grade gold assets, Ximen aims to advance the Kenville Gold Mine towards production.
Ximen Mining Corp has successfully closed a private placement for gross proceeds of $560,000, consisting of 8 million units priced at $0.07 each. Each unit includes a common share and a warrant to purchase another share at $0.10 for 60 months. The net proceeds will fund exploration on British Columbia mineral properties and general working capital. The transaction involved a related party, with exemptions from formal valuation and minority approval requirements. The placement is pending final TSX-V approval.
Ximen Mining Corp has fully subscribed its private placement offering of 8 million units at $0.07 per unit, raising $560,000. Each unit includes one common share and one purchase warrant, exercisable at $0.10 for five years. Participation may include insiders, with a finder's fee possible upon TSX-V approval. Net proceeds will fund exploration in British Columbia and support general working capital. There are no undisclosed material changes, and all securities will have a four-month hold period after closing.
Ximen Mining Corp (OTCQB:XXMMF) has announced a non-brokered private placement of 8 million units at $0.07 each, raising gross proceeds of $560,000. Each unit consists of one common share and one purchase warrant, allowing the purchase of additional shares at $0.10 for 60 months. Proceeds will fund exploration in British Columbia and general working capital. Participation by insiders is permitted, and any finder’s fees are subject to TSX-V approval. The securities will have a four-month hold period post-closing.
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