Ximen Mining Financing is Fully Subscribed and Submitted for Closing – Stock News Source

VANCOUVER, BC / ACCESS CABLE / July 4, 2022 ./ Ximen Mining Corporation. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the “Company” or “Ximen”) is pleased to announce that its previously announced private placement on June 28, 2022 is fully subscribed and the Company is filing the documentation with the TSX Venture Exchange to close the placement.

The non-brokered private placement is for 8 million units at a price of $0.07 per unit for gross proceeds of $560,000. Each Unit consists of one common share and one transferable common share purchase order. Each full warrant shall entitle its holder to purchasefor a period of 60 months from the date of issue, one additional common share of the Issuer at an exercise price of $0.10 per share.


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Directors, officers or other insiders of the Company may participate in the foregoing offerings, and such parties may sell securities of the Company that they personally own or control through the facilities of the TSX Venture Exchange to finance participation in such offerings. . There is no material event or material change in the Company that has not been generally disclosed. A finder’s fee may be paid to eligible finder in accordance with the policies of the TSX Venture Exchange. All securities issued pursuant to the offering will be subject to a retention period of four months and one day from the closing date. the offering and payment of search engine fees are subject to approval by the TSX-V. The Company will use the net proceeds of the Offering for exploration expenses at the Company’s mineral properties in British Columbia and general working capital.

On behalf of the Board of Directors,

“Christopher R. Anderson”

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


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Investor Relations:
sofia caesar,
604-488-3900,
[email protected]

About Ximen Mining Corp.

Ximen Mining Corp. owns a 100% interest in three of its precious metals projects located in southern BC. The two Ximen gold projects, the Amelia gold mine and the Brett epithermal gold project. Ximen also owns the Treasure Mountain Silver Project adjacent to the former Huldra Silver Mine. The Treasure Mountain Silver Project is currently under an option agreement. The option partner is generating annual cash in stages and stocks payments, as well as the financing of the development of the project. The company also acquired control of the Kenville Gold mine near Nelson British Columbia, which includes surface and underground rights, buildings and equipment.

East Press release includes certain statements that may be considered “forward-looking statements” within the meaning of Canadian securities legislation. All statements in this release, other than statements of historical fact, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward-looking statements. Although the Company believes that the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from forward-looking statements include mining and exploration successes, continued availability of financing and general economic, business or market conditions. The reader is urged to refer to the Company’s reports, publicly available through the Canadian Securities Administrators System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effects.

East Press release shall not constitute an offer to sell or the solicitation of an offer to to buy any security, nor will there be any sale of securities in any state in the United States in which such offer, solicitation, or sale would be unlawful.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

FONT: Ximen Mining Corporation.

See source version at access cable.com:
https://www.accesswire.com/707484/Ximen-Mining-Financing-Fully-Subscribed-and-Submits-for-Closing

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