Ximen Mining Corp to List on OTC QX
15 April 2014 - 3:05PM
Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") is
pleased to announce that it has initiated the process for listing
its shares on the OTC QX in the United States.
The Company has retained the financial consultant firm
of Baxter Capital Advisors, Inc. to pursue a listing on
the OTC QX. The Company currently trades on the TSX Venture
Exchange under the ticker symbol "XIM" and on the Frankfurt
Exchange under the symbol 1XM. A further listing on the OTC QX
would broaden the market to include investors in the United
States.
Reserved for international companies listed on a qualified stock
exchange in their home country, the OTC QX provides easy
access to U.S. investors and the ability for a company to diversify
its shareholder base. "We are very pleased to be working
toward providing our U.S. investors with an
alternative trading platform for our common shares and believe
this is an important step toward increasing Ximen's visibility
within the U.S. market," states Chris Anderson, President of the
Company.
About the OTC QX
The OCT QX is the premier tier of the U.S. Over-the-Counter
("OTC") marketplace which gives non-U.S. companies access to U.S.
investors, without the duplicative regulatory costs required of
listing on a traditional U.S. exchange. The innovative
OTC QX platform offers companies and their shareholders a
level of marketplace services formerly available only on a U.S.
exchange. The OTC QX provides the highest level of visibility
and access to U.S. investors possible in the OTC market.
The OTC QX is fully electronic and gives investors access
through all major online and full-service brokerage firms in the
U.S., including Schwab, E*Trade, Scottrade, TD
Ameritrade and Fidelity. Trades are settled and
cleared in the U.S. similar to
any NASDAQ or NYSE stock, and trade reports
are disseminated through Yahoo,
Bloomberg, Reuters and most other financial data
providers.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two
projects, Gold Drop Project and Brett Gold Project located in
southern British Columbia. Recently, the Company has entered into a
due diligence agreement with Huldra Silver Inc. (TSX-HDA) for the
purposes of determining the feasibility, terms and conditions of a
proposal for the acquisition of Huldra Silver. Ximen is a publicly
listed company trading on the TSX Venture Exchange under the symbol
XIM, and is listed on the Frankfurt (1XM), Stuttgart and Berlin
Stock Exchanges (U9U) in Germany under the symbol A1W2EG.
On behalf of the Board of Directors, |
"Christopher R. Anderson." |
Christopher R. Anderson, President, CEO and
Director, Ximen Mining Corp. |
For further information, please contact Ward
Kondas 604-488-3900 or by email at
ward@ximenminingcorp.com.
This press release includes certain statements that may be
deemed "forward-looking statements". All statements in this
release, other than statements of historical facts, that address
future exploration drilling, exploration activities and events or
developments that the Company expects, are forward looking
statements. Although the Company believes 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 forward-looking statements. Factors that
could cause actual results to differ materially from those in
forward-looking statements include exploitation and exploration
successes, continued availability of financing, and general
economic, market or business conditions.
Neither 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.
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