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XIMEN MINING ANNOUNCES FINANCING

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XIMEN MINING ANNOUNCES FINANCING

 

 

 

 

 

Ximen Mining Corp. (TSX-V: XIM) (FRA: 1XMA) (OTCQB: XXMMF) 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.

Posted January 12, 2024

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