Ximen Mining Closes A $2.5 Million Financing
Advancing precious metal assets in British Columbia
February 07, 2022 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Mining Closes A $2.5 Million Financing
Strategic Investment by New Gold
Vancouver, B.C., February 7, 2022 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB:
XXMMF) (the "Company" or "Ximen") is pleased to announce that New Gold Inc. ( "New Gold")
(TSX and NYSE American: NGD) has acquired a 9.9% interest in Ximen.
The non-brokered private placement of 8,893,635 charity flow-through shares are priced at $0.285
per share with total gross proceeds of $2,534,686. In a second-step transaction, and part and parcel
of the completion of the Offering, New Gold Inc. acquired the 8,893,635 shares at a 30 % discount
to the subscription price.
"Building strategic relationships with active partners in our community and jurisdiction is essential
to Ximen's long-term goals. Ximen is looking forward to enhancing its relationship with New Gold.
Their initial decision to invest in Ximen projects and development plans is an excellent starting
point," states Christopher R. Anderson, Ximen's President and CEO.
Each Flow-Through share consists of one common share that qualifies as a "flow-through share"
as defined in subsection 66(15) of the Income Tax Act.
The Company will use the net proceeds from the Offering for exploration expenses on the
Company's British Columbia mineral properties.
The Shares are being issued as part of a charity flow-through arrangement. The Company will pay
no commission or finders' fee in connection with this Offering. The Offering is between arm's
length parties , and all securities issued pursuant to the Offering are subject to the applicable
statutory hold period of four months and one day from the closing. The Offering is subject to the
final approval of the TSX Venture Exchange.
On behalf of the Board of Directors,
"Christopher R. Anderson"
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Ximen Mining Corp News Release
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Investor Relations: Sophy Cesar, 604-488-3900, [email protected]
About Ximen Mining Corp.
Ximen Mining Corp. is focused on acquiring high -grade gold assets in southern BC, with easy access
and solid infrastructure. Ximen aims to build a gold mining company with the blue -sky potential of a
land package with multi-million ounces of gold. Ximen strives to always to take a 100% interest in all
its projects and assets. The Company has bought out all the possible NSR's on its key mineral precious
metal assets and several other assets in the vicinity of its holdings. Simultaneously, Ximen is advancing
the Kenville Gold Mine forward and on the path towards production. The focus remains on meeting
all the established targets while at the same time maintaining aversion towards debt and dilution. All
while moving forward with responsible development and sus tainable mining and exploration
practices building Ethical and Sustainable Value.
Ximen Mining Corp News Release
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Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM,
in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in
Germany under the symbol 1XMA and WKN with the number as A2JBKL.
This press release contains certain "forward-looking statements" within the meaning of Canadian securities.
This press release contains certain "forward-looking statements" within the meaning of Canadian securities
legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise
of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no
assurance that such expectations will prove to be correct. Forward-looking statements are statements that
are not historical facts; they are generally, but not always, identified by the words "expects," "plans,"
"anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective,"
"prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could"
or "should" occur, or are those statements, which, by their nature, refer to future events. The Company
cautions that forward-looking statements are based on the beliefs, estimates and opinions of the Company's
management on the date the statements are made , and they involve a number of risks and uncertainties.
Consequently, there can be no assurances that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in such statements. Except to the exte nt
required by applicable securities laws and the policies of the TSX Venture Exchange, the Company
undertakes no obligation to update these forward -looking statements if management's beliefs, estimates or
opinions, or other factors, should change. Factors that could cause future results to differ materially from
those anticipated in these forward-looking statements include the possibility that the TSX Venture Exchange
may not accept the proposed transaction in a timely manner, if at all. The reader is urge d 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.
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.
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.
Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900