The Prospector News

XIMEN MINING CLOSES PRIVATE PLACEMENT

You have opened a direct link to the current edition PDF

Open PDF Close
Uncategorized

Share this news article

XIMEN MINING CLOSES PRIVATE PLACEMENT

 

 

 

 

 

Ximen Mining Corp. (TSX-V: XIM) (FRA: 1XMA) (OTCQB: XXMMF) announces that it has closed the final tranche of the private placement previously announced on April 1, 2022 for gross proceeds of $90,000. The final tranche of the non-brokered private placement consisted of 600,000 units at a price of $0.15 per unit. 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 24 months from the date of issue, one additional common share of the Issuer at an exercise price of $0.25 per share.

There were no finders fees payable on this final tranche. All securities issued in connection with the final tranche closing will be subject to a hold period expiring on September 18, 2022.

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 final tranche of the private placement financing is subject to final TSX-V approval.

Posted May 20, 2022

Share this news article

MORE or "UNCATEGORIZED"


URANIUM ENERGY CORP ANNOUNCES THE CLOSING OF $203 MILLION PUBLIC OFFERING

Proceeds to be Used to Accelerate the Development of the United ... READ MORE

October 6, 2025

Barrick Announces Sale of Interest in Tongon for Up To $305 Million

Barrick Mining Corporation (NYSE:B) (TSX:ABX) announced that it h... READ MORE

October 6, 2025

Aquitaine Metals Drills Broad High-Grade Gold Mineralization: 16.45 g/t gold over 20.00 metres at Limousin Project

Aquitaine Metals Corp. is pleased to announce the first drill res... READ MORE

October 6, 2025

B2Gold Achieves Commercial Production at the Goose Mine

B2Gold Corp. (TSX: BTO, NYSE AMERICAN: BTG, NSX: B2G) is pleased to announce th... READ MORE

October 6, 2025

Osisko Development Provides Infill Drilling Update on Its 13,000-Meter Lowhee Program at Cariboo Gold Project; Intercepts Include 45.24 G/T Gold Over 3.0 Meters, Including 233.92 G/T Gold Over 0.5 Meters

HIGHLIGHTS 2,279 m of infill drilling completed on 10-m dr... READ MORE

October 6, 2025

Copyright 2025 The Prospector News