Advancing precious metal assets in British Columbia
Advancing precious metal assets in British Columbia
January 25, 2023 TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Mining
Announces Financing
Vancouver, B.C., January 25, 2023 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB:
XXMMF) (the “Company” or “Ximen”) Is pleased to announce that it has arranged a non-brokered
private placement of 8 million units at a price of $0. 09 per unit for gross proceeds of $720,000.
Each Unit consists of one common share and one transferable common share purchase warrant.
Each whole warrant will entitle the holder to purchase, for a period of 60 months from the date of
issue, one additional common share of the Issuer at an exercise price of $0.20 per share. The term
of the warrants may be accelerated if the issuer's shares trade at or above a price of $0.25 per share
for a period of 10 consecutive days. In such case of accelerated warrants, th e issuer may give
notice, in writing or by way of news release, to the subscribers that the warrants will expire 30
days from the date of providing such notice.
A finder's fee may be paid to eligible finders in accordance with 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. The offering and payment of finders' fees are both subject to
approval by the TSX-V. There is no material fact or ma terial change of the Company that has not
been generally disclosed.
The Company anticipates closing on/or about January 31, 2023.
The net proceeds from the Offering will be used by the Company for exploration expenses on the
Company’s British Columbia mineral properties and general working capital.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations: Sophy Cesar, 604-488-3900, [email protected]
Ximen Mining Corp News Release
2
About Ximen Mining Corp.
Ximen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two
Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain
Silver Project adjacent to the pas t producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is
under a option agreement. The option partner is making annual staged cash and stocks payments as well as funding the
development of the project. The company has also acquired control of the Kenville Gold mine near Nelson British
Columbia which comes with surface and underground rights, buildings and equipment.
Ximen Mining Corp News Release
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This press release includes certain statements that may be deemed “forward -looking statements” within the meaning
of Canadian securities legislation. 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 bus iness conditions. The reader is urged 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