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Ximen Mining Arranges Financing

Nov 04, 2022•over 2 years ago
VancouverInternet ServicesNatural ResourcesSoftware

Description

VANCOUVER, BC / November 4, 2022 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the "Company" or "Ximen) 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.

Company Information

Company

Ximen Mining

Location

Vancouver, Washington, United States

About

Ximen Mining Corp. owns 100% interest in three of its precious metal projects; two gold projects, The Amelia Gold Mine and The Brett Epithermal Gold Project and the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. Ximen also holds mineral claims in the Greenwood mining camp and has expanded its holdings to include the Kenville mine and extensive claim blocks in the Nelson area and also near Cranbrook, BC.

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