Advancing precious metal assets in British Columbia November, 11 2019
Advancing precious metal assets in British Columbia
November, 11 2019
TSX.V: XIM
FRA: 1XMA
OTCQB: XXMMF
Ximen Mining Corp. Closes Financing
Vancouver, B.C., November 11, 2019 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA)
(OTCQB: XXMMF) (the “Company” or “Ximen”) is pleased to announce that it has closed its non-
brokered private placement previously announced on October 22, 2019. The placement consisted
of 1,282,052 flow through shares at a price of $0.39 per share for gross proceeds of $500,000.
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 net proceeds from the Offering will be used by the Company for exploration expenses on the
Company’s British Columbia mineral properties. The Company paid a cash commission of
$35,000. and issued 89,744 finders warrants to Qwest Investment Fund Management Ltd. The
finder warrants are valid for 2 years from closing with an exercise price of $0.39.
All securities issued in connection with the Offering will be subject to a hold period expiring
February 25, 2020.
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
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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 past 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
recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with
surface and underground rights, buildings and equipment.
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.
Ximen Mining Corp News Release
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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 num ber 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 extent 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 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