Ximen Announces Private Placement
24 Dezember 2014 - 7:55AM
Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") announces
a private placement offering for the sale of up to 4,000,000 non
flow-through units of the Company ("NFT Units") at $0.15 per NFT
Unit to raise an aggregate amount of up to $600,000. Each NFT Unit
consists of one non flow-through common share of the Company and
one non-transferable share purchase warrant. Each warrant has a two
year term for the purchase of one further non flow-through common
share of the Company at an exercise price of $0.25 per share. In
addition, the Company announces an offering for the sale of up to
1,500,000 flow-through units ("FT Units") at $0.20 per FT Unit to
raise an aggregate amount of up to $300,000. Each FT Unit consists
of one flow-through common share of the Company and one
non-transferable share purchase warrant. Each warrant has a two
year term for the purchase of one further non flow-through common
share of the Company at the exercise price of $0.25 per share. The
net proceeds raised from the offering will be used for exploration
and for general working capital. A finder's fee will be paid to
eligible finders in accordance to the TSX Venture Exchange
policies. All securities issued pursuant to the offering will be
subject to a hold period of four months and one day from the date
of closing. Directors, officers or other insiders of the Company
may participate in the foregoing offerings and such parties may
sell securities of the Company owned or controlled by them
personally through the facilities of the TSX Venture Exchange to
fund participation in such offerings. This offerings and payment of
finder's fees are both subject to approval by the TSX Venture
Exchange.
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. Ximen is a publicly listed company
trading on the TSX Venture Exchange under the symbol XIM, and is
listed on the Frankfurt, Munich, and Berlin Stock Exchanges in
Germany under the symbol 1XM and WKN number is A1W2EG as well in
the USA on the OTCQX under the symbol XXMMF.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director Ximen
Mining Corp. 604 488-3900
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy any securities, nor shall there be
any sale of securities in any state in the United States in which
such offer, solicitation or sale would be unlawful. The securities
referred to herein have not been and will not be registered under
the United States Securities Act of 1933, as amended, and may not
be offered or sold in the United States absent registration or an
applicable exemption from registration requirements.
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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