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 totally subscribed and the Firm is submitting documentation with the TSX Enterprise Trade to shut the position.

The non-brokered personal placement is for eight million models 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 concern, one extra frequent share of the Issuer at an train value of $0.10 per share.

Administrators, officers or different insiders of the Firm could take part within the foregoing choices, and such events could promote securities of the Firm owned or managed by them personally by means of the services of the TSX Enterprise Trade 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 Trade 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 common 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

About Ximen Mining Corp.

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 Challenge. Ximen additionally owns the Treasure Mountain Silver Challenge adjoining to the previous producing Huldra Silver Mine. At present, the Treasure Mountain Silver Challenge is below a possibility settlement. The choice companion 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 gear.

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This press launch contains sure statements which may be deemed “forward-looking statements” inside the that means of Canadian securities laws. All statements on this launch, apart from statements of historic info, that tackle future exploration drilling, exploration actions and occasions or developments that the Firm expects, are ahead trying statements. Though the Firm believes the expectations expressed in such forward-looking statements are primarily based on affordable assumptions, such statements aren’t ensures of future efficiency and precise outcomes or developments could differ materially from these in forward-looking statements. Elements that would trigger precise outcomes to vary materially from these in forward-looking statements embody exploitation and exploration successes, continued availability of financing, and common financial, market or enterprise situations. The reader is urged to consult with the Firm’s experiences, publicly obtainable by means of the Canadian Securities Directors’ System for Digital Doc Evaluation and Retrieval (SEDAR) at www.sedar.com for a extra full dialogue of such threat components 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 wherein such provide, solicitation or sale could be illegal.

Neither TSX Enterprise Trade nor its Regulation Providers Supplier (as that time period is outlined within the insurance policies of the TSX Enterprise Trade) 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-Absolutely-Subscribed-and-Submits-for-Closing