Ximen Mining Corp News Release 1 Advancing precious metal assets in British Columbia
Ximen Mining Corp News Release
1
Advancing precious metal assets in British Columbia
May 9, 2019 TSX.V: XIM
Frankfurt: XIM
USA: XXMMF
Ximen Provides Update on Acquisition of Kenville Gold Mine
Vancouver, B.C., May 9, 2019 – Ximen Mining Corp. (TSX-V: XIM, “Ximen” or the “Company”)
announces that, further to its news releases of April 8, 2019 and May 2, 2019, it has entered into five
new arm’s length agreements to acquire an additional 10,919,461 common shares (“Target Shares”)
of 0995237 B.C. Ltd., a private B.C. company (“ 0995237”). In consideration for these 10,919,461
additional Target Shares the Company proposes to issue a total of 642,828 Ximen common shares at
a deemed issue price of $0.70 per share.
Together with previously announced agreements to acquire 0995237 common shares
(please refer to the press releases dated April 8, 2019 and May 2, 2019), these additional agreements
bring the total number of Target Shares proposed to be acquired by the Company to 43,261,811 Target
Shares, or approximately 80 % of 0995237. The total number of Ximen common shares to be issued
in exchange for the 43,261,811 Target Shares is 3,528,769 (or approximately 10.62% of the total
issued and outstanding Ximen common shares) , at an average issue price of $0.74 per share (the
“Consideration Shares”). The principal asset of 0995237 is its option to acquire the Kenville Gold
Mine, located west of Nelson, B.C.
The acquisition of the Target Shares remains subject to TSX Venture Exchange
acceptance. The Consideration Shares will be subject to a customary 4 -month, plus one day, hold
period running from the date on which they are issued. The acquisition the Target Shares is expected
to complete by May 30, 2019.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
604 488-3900
Investor Relations: Mr. William Sattlegger, 604-488-3900 [email protected]
Ximen Mining Corp News Release
2
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, and Berlin Stock
Exchanges in Germany under the symbol 1XM and WKN with the number as A1W2EG.
This press release contains certain "forward -looking statements" within the meaning of Canadi an securities legislation,
including statements regarding the receipt of TSX Venture Exchange acceptance of the above -described proposed
transaction. 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 caution s 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 stat ements 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 u ndertakes 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 Administrator s'
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 the re
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