Ximen Mining Corp. (TSX-V:XIM) (FRA:1XMA) (OTCQB:XXMMF) The Company is pleased to announce that it has arranged a non-brokered private placement of 1,282,052 flow through shares at a price of $0.39 cents per share for gross proceeds of $500,000. 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.
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 to 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.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under an option agreements. The option partners are making annual staged cash and stocks payments as well as funding the development of the project. Further the company has recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights buildings, equipment as well as a permit for the construction of an underground decline.
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We acknowledge the [financial] support of the Government of Canada.