First Tranche of Ximen Private Placement Closed
Vancouver, British Columbia--(Newsfile Corp. - July 28, 2014) - Ximen Mining Corp. (TSXV: XIM) (OTCQX: XXMMF) (the "Company" or "Ximen") announces that it has closed the first tranche of its non-brokered private placement, announced on July 24, totaling 1,064,727 units raising $585,600. The private placement consists of 1,818,181 units at a price of $0.55 per unit in the capital stock of the Company for gross proceeds of $1,000,000.
Each Unit will consist of one common share and one-half of one non-transferable common share purchase warrant. Each full Warrant will entitle the holder to purchase one further common share of the Corporation at the exercise price of $1.00 per Warrant Share for a period of 12 months from the closing date of the private placement. Closing of the remainder of the placement is conditional upon approval of the TSX Venture Exchange.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA on the OTCQX under the symbol XXMMF.
On behalf of the Board of Directors,
“Christopher R. Anderson.”
Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.
For further information, please contact Ward Kondas 604-488-3900 or by email at ward@ximenminingcorp.com.
This press release includes certain statements that may be deemed “forward-looking statements”. 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 business conditions.
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.