The Prospector News

XIMEN MINING ARRANGES FINANCING

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

XIMEN MINING ARRANGES 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 7,000,000 flow through shares at a price of $0.07 per share for gross proceeds of $490,000.  Each Flow-Through share consists of one common share that qualifies as a “flow-through share” as defined in subsection 66(15) of the Income Tax Act 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 non-flow-through common share of the Issuer at an exercise price of Cdn$0.10 per share.

The net proceeds from the Offering will be used by the Company for exploration expenses on the Company’s British Columbia mineral properties.

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.

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 November 6, 2022

Share this news article

MORE or "UNCATEGORIZED"


GoldHaven Announces Closing of Private Placement

GoldHaven Resources Corp. (CSE: GOH) (OTCQB: GHVNF) (FSE: 4QS) is... READ MORE

February 16, 2025

POWER METALS DELIVERS MORE HIGH-GRADE CESIUM AND TANTALUM RESULTS FROM CASE LAKE

Major Highlights Additional results from the Phase III exploratio... READ MORE

February 16, 2025

WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

Western Copper and Gold Corporation (TSX: WRN) (NYSE American: WR... READ MORE

February 16, 2025

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

Copyright 2025 The Prospector News