Wednesday, August 10, 2022

Ximen Mining Financing Totally Subscribed and Submits for Closing

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VANCOUVER, BC / ACCESSWIRE / July 4, 2022 ./ Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the “Firm” or “Ximen”) is happy to announce that its beforehand introduced personal placement on June 28, 2022, is absolutely subscribed and the Firm is submitting documentation with the TSX Enterprise Alternate to shut the location.

The non-brokered personal placement is for 8 million items at a worth of $0.07 per unit for gross proceeds of $560,000. Every Unit consists of 1 widespread share and one transferable widespread share buy warrant. Every complete warrant will entitle the holder to buy, for a interval of 60 months from the date of situation, one extra widespread share of the Issuer at an train worth of $0.10 per share.

Administrators, officers or different insiders of the Firm might take part within the foregoing choices, and such events might promote securities of the Firm owned or managed by them personally via the services of the TSX Enterprise Alternate to finance participation in such choices. There isn’t a materials reality or materials change of the Firm that has not been usually disclosed. A finder’s payment could also be paid to eligible finders in accordance with the TSX Enterprise Alternate insurance policies. All securities issued pursuant to the providing might be topic to a maintain interval of 4 months and at some point from the date of closing. The providing and fee of finders’ charges are each topic to approval by the TSX-V. The online proceeds from the Providing might be utilized by the Firm for exploration bills on the Firm’s British Columbia mineral properties and normal working capital.

On behalf of the Board of Administrators,

Christopher R. Anderson

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations:
Sophy Cesar,
604-488-3900,
ir@XimenMiningCorp.com

Ximen Mining Corp., Monday, July 4, 2022, Press release picture

Ximen Mining Corp., Monday, July 4, 2022, Press launch image

About Ximen Mining Corp.

Ximen Mining Corp., Monday, July 4, 2022, Press release picture

Ximen Mining Corp., Monday, July 4, 2022, Press launch image

Ximen Mining Corp. owns 100% curiosity in three of its treasured steel initiatives positioned in southern BC. Ximen`s two Gold initiatives The Amelia Gold Mine and The Brett Epithermal Gold Venture. Ximen additionally owns the Treasure Mountain Silver Venture adjoining to the previous producing Huldra Silver Mine. At the moment, the Treasure Mountain Silver Venture is below a choice settlement. The choice associate is making annual staged money and shares funds in addition to funding the event of the mission. The corporate has additionally acquired management of the Kenville Gold mine close to Nelson British Columbia which comes with floor and underground rights, buildings and tools.

Ximen Mining Corp., Monday, July 4, 2022, Press release picture

Ximen Mining Corp., Monday, July 4, 2022, Press launch image

This press launch consists of sure statements that could be deemed “forward-looking statements” inside the that means of Canadian securities laws. All statements on this launch, aside from statements of historic details, that handle future exploration drilling, exploration actions and occasions or developments that the Firm expects, are ahead wanting statements. Though the Firm believes the expectations expressed in such forward-looking statements are based mostly on affordable assumptions, such statements should not ensures of future efficiency and precise outcomes or developments might differ materially from these in forward-looking statements. Elements that might trigger precise outcomes to vary materially from these in forward-looking statements embody exploitation and exploration successes, continued availability of financing, and normal financial, market or enterprise circumstances. The reader is urged to check with the Firm’s stories, publicly obtainable via the Canadian Securities Directors’ System for Digital Doc Evaluation and Retrieval (SEDAR) at www.sedar.com for a extra full dialogue of such threat elements and their potential results.

This press launch shall not represent a proposal to promote or the solicitation of a proposal to purchase any securities, nor shall there be any sale of securities in any state in america by which such supply, solicitation or sale can be illegal.

Neither TSX Enterprise Alternate nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Alternate) accepts accountability for the adequacy or accuracy of this launch.

SOURCE: Ximen Mining Corp.

View supply model on accesswire.com:
https://www.accesswire.com/707484/Ximen-Mining-Financing-Totally-Subscribed-and-Submits-for-Closing



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