The Prospector News

XIMEN MINING ANNOUNCES FINANCING

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

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 8 million units at a price of $0.09 per unit for gross proceeds of $720,000. 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 60 months from the date of issue, one additional common share of the Issuer at an exercise price of $0.20 per share. The term of the warrants may be accelerated if the issuer’s shares trade at or above a price of $0.25 per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice.

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 Company anticipates closing on/or about January 31, 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.

Posted January 26, 2023

Share this news article

MORE or "UNCATEGORIZED"


Arizona Sonoran Announces Royal Gold’s Purchase of Existing NSR on the Cactus Project

Arizona Sonoran Copper Company Inc. (TSX:ASCU) (OTCQX:ASCUF)  an... READ MORE

February 13, 2025

Emerita Intersects 9.3 Meters Grading 1.1% Copper and 1.2 G/T Gold with Additional Base Metal Sulphides at El Cura Deposit

Emerita Resources Corp. (TSX-V: EMO) (OTCQB: EMOTF) (FSE: LLJA) c... READ MORE

February 13, 2025

Abcourt Intersects 41.6 g/t Over 0.7 Metre in the 785N Zone at Depth of the Sleeping Giant Mine

Abcourt Mines Inc.  (TSX-V: ABI) (OTCQB: ABMBF) announces the re... READ MORE

February 13, 2025

Lundin Mining Announces 2024 Mineral Resource and Mineral Reserve Estimates

Lundin Mining Corporation (TSX: LUN) (Nasdaq Stockholm: LUMI) rep... READ MORE

February 13, 2025

Kinross reports 2024 fourth-quarter and full-year results

Delivered on all key guidance metrics Achieved record free cash f... READ MORE

February 13, 2025

Copyright 2025 The Prospector News