Finance

Ximen Mining Financing Totally Subscribed and Submits for Closing

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 non-public placement on June 28, 2022, is absolutely subscribed and the Firm is submitting documentation with the TSX Enterprise Change to shut the location.

The non-brokered non-public placement is for 8 million items at a value of $0.07 per unit for gross proceeds of $560,000. Every Unit consists of 1 frequent share and one transferable frequent share buy warrant. Every complete warrant will entitle the holder to buy, for a interval of 60 months from the date of subject, one further frequent share of the Issuer at an train value 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 amenities of the TSX Enterprise Change to finance participation in such choices. There isn’t a materials reality or materials change of the Firm that has not been typically disclosed. A finder’s payment could also be paid to eligible finders in accordance with the TSX Enterprise Change insurance policies. All securities issued pursuant to the providing will probably be topic to a maintain interval of 4 months and sooner or later from the date of closing. The providing and fee of finders’ charges are each topic to approval by the TSX-V. The web proceeds from the Providing will probably 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 metallic initiatives situated in southern BC. Ximen`s two Gold initiatives The Amelia Gold Mine and The Brett Epithermal Gold Undertaking. Ximen additionally owns the Treasure Mountain Silver Undertaking adjoining to the previous producing Huldra Silver Mine. Presently, the Treasure Mountain Silver Undertaking is underneath a choice settlement. The choice accomplice is making annual staged money and shares funds in addition to funding the event of the undertaking. 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 gear.

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

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

This press launch contains 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 tackle 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 cheap 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 embrace 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 studies, 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 suggestion to promote or the solicitation of a suggestion to purchase any securities, nor shall there be any sale of securities in any state in the US by which such supply, solicitation or sale can be illegal.

Neither TSX Enterprise Change nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Change) 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

Related posts

Wellfield Launches Essential Development Section for MoneyClip App

admin

AXIS Insurance coverage Expands Mission and Plane Finance Credit score Danger Underwriting Crew

admin

Quartix raises $20m funding to democratize provide chain finance

admin