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"


More strong drilling results outside current resource point to further growth

Results include Cygnus’ first hole at Cedar Bay which returned ... READ MORE

October 30, 2025

Exceptional drilling results support high grade, large scale and continuity of FireFly’s Green Bay Copper-Gold Project

Consistently strong intersections extend known mineralisation ahe... READ MORE

October 30, 2025

CHAMPION IRON REPORTS ITS FY2026 SECOND QUARTER RESULTS, DECLARES DIVIDEND AND ADVANCES THE DRPF PROJECT AS SCHEDULED

Quarterly production of 3.6M wmt, record sales of 3.9M dmt, revenue of $... READ MORE

October 30, 2025

ARIS MINING REPORTS Q3 2025 RESULTS

Segovia Ramp-Up Driving Profitable Growth: Record Revenue, Cash Flow, an... READ MORE

October 30, 2025

Alamos Gold Reports Third Quarter 2025 Results

Growing production and margins drive record quarterly free cash f... READ MORE

October 30, 2025

Copyright 2025 The Prospector News