Ximen Mining Corp announces financing
Sourcing and mining precious metal assets in British Columbia
February 14, 2018 TSX.V: XIM
Frankfurt: XIM
USA: XXMMF
Ximen Mining Corp announces financing
Vancouver, B.C., February 14, 2018 – Ximen Mining Corp. (TSX-V: XIM,) The Company is
pleased to announce that it has arranged a non-brokered private placement of 3.5 million units at
a price of $0.125 cents per unit for gross proceeds of $437,500. 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 18 months from the date of issue, one additional common share
of the Issuer at an exercise price of $0. 18 per share. 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 finance participation in such offerings.
The Company will make available a portion of the offering to existing shareholders using
provisions of the Canadian existing security holder exemption pursuant to Multilateral CSA
Notice 45-313 and the corresponding blanket orders and rules implementing CS A 45-313 in the
participating jurisdictions in respect thereof. As at the date hereof, the existing security holder
exemption is available in each of the provinces of Canada, with the exception of Newfoundland
and Labrador. Subject to applicable securities laws, the Company will permit each person or
company who, as of February 13, 2018 (being the record date set by the company p ursuant to
CSA 45-313), who holds common shares as of that date to subscribe for the units that will be
distributed pursuant to the offering, provided that the existing security holder exemption is
available to such person or company. Pursuant to CSA 45 -313, each subscriber relying on the
existing security holder exemption may subscribe for no more than $15,000 value of securities,
unless a subscriber is resident in a jurisdiction of Canada and has obtained advice regarding the
suitability of the investment from a registered investment dealer (in which case such maximum
subscription amount will not apply). In addition to conducting the offering pursuant to the existing
security holder exemption, the Company will also accept subscriptions for units where othe r
prospectus exemptions are available, including the investment dealer exemption (as defined
below). Any current shareholder subscribing for units pursuant to a prospectus exemption other
than the existing security holder exemption will not be limited to a maximum of $15,000 value
of securities. In addition to the existing security holder exemption and other available prospectus
exemptions, a portion of the offering may be completed pursuant to Multilateral CSA Notice 45 -
318 and the corresponding blanket orders and rules implementing CSA 45-318 in the participating
jurisdictions in respect thereof. As at the date hereof, the investment dealer exemption is available
in each of Alberta, British Columbia, Saskatchewan, Manitoba and New Brunswick. Pursuant to
CSA 45 -318, each subscriber relying on the investment dealer exemption must obtain advice
regarding the suitability of the investment from a registered investment dealer.
There is no material fact or material change of the Company that has not been generally disclosed.
A finder's fee may 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. The offeri ng and payment of finders' fees are both subject to
approval by the TSX-V.
Assuming the Offering is fully subscribed, the Company intends to use the proceeds of the
Offering as follows: general corporate and working capital purposes (up to $ 200,000) and
continued exploration of the Company’s British Columbia mineral properties (up to $ 237,500)
(all amounts are approximate). The actual allocation of the proceeds may vary from the uses set
forth above, depending on future operations or unforeseen events or opportunities. If the Offering
is not fully subscribed, the Company may apply the proceeds of the Offering in such priority and
proportions as the Board of Directors of the Company determines is in the best interests of the
company.
The Company has grante d 400,000 stock options at an exercise price of $.018. The options are
exercisable for five years and will be cancelled 30 days after cessation of acting as director, officer,
employee or consultant of the Company.
Al Beaton, P.Eng., a Qualified Person as defined by NI 43-101, is responsible for the technical
information contained in this News Release.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
604 488-3900
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects. Ximen`s
two Gold projects, The Gold Drop Project and Brett Gold Project are located in southern British
Columbia. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing
Huldra Silver Mine. 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, an d
Berlin Stock Exchanges in Germany under the symbol 1XM and WKN with the number as
A1W2EG
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.
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.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of them TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of this release.
Certain of the statements made and information contained herein is “forward-looking information” within the meaning of the Ontario
Securities Act. This includes statements concerning the Company’s plans at its mineral properties, which involve known and
unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company, or
industry results, to be materially different from any future results, performance or achievements expressed or implied by such
forward-looking information. Forward-looking information is subject to a variety of risks and uncertainties which could cause actual
events or results to differ from those reflected in the forward-looking information, including, without limitation, the availability of
financing for activities, risks and uncertainties relating to the interpretation of drill results and the estimation of mineral resources and
reserves, the geology, grade and continuity of mineral deposits, the possibility that future exploration, development or mining results
will not be consistent with the Company’s expectations, metal price fluctuations, environmental and regulatory requirements,
availability of permits, escalating costs of remediation and mitigation, risk of title loss, the effects of accidents, equipment
breakdowns, labour disputes or other unanticipated difficulties with or interruptions in exploration or development, the potential for
delays in exploration or development activities, the inherent uncertainty of production and cost estimates and the potential for
unexpected costs and expenses, commodity price fluctuations, currency fluctuations, expectations and beliefs of management and
other risks and uncertainties. In addition, forward-looking information is based on various assumptions. Should one or more of
these risks and uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from
those described in forward-looking statements. Accordingly, readers are advised not to place undue reliance on forward-looking
information. Except as required under applicable securities legislation, the Company undertakes no obligation to publicly update or
revise forward-looking information, whether as a result of new information, future events or otherwise.
Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900