Ximen Announces Private Placement
VANCOUVER, British Columbia, Dec. 24, 2014 (GLOBE NEWSWIRE) -- Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") announces a private placement offering for the sale of up to 4,000,000 non flow-through units of the Company ("NFT Units") at $0.15 per NFT Unit to raise an aggregate amount of up to $600,000. Each NFT Unit consists of one non flow-through common share of the Company and one non-transferable share purchase warrant. Each warrant has a two year term for the purchase of one further non flow-through common share of the Company at an exercise price of $0.25 per share. In addition, the Company announces an offering for the sale of up to 1,500,000 flow-through units ("FT Units") at $0.20 per FT Unit to raise an aggregate amount of up to $300,000. Each FT Unit consists of one flow-through common share of the Company and one non-transferable share purchase warrant. Each warrant has a two year term for the purchase of one further non flow-through common share of the Company at the exercise price of $0.25 per share. The net proceeds raised from the offering will be used for exploration and for general working capital. A finder's fee will 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. 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 fund participation in such offerings. This offerings and payment of finder's fees are both subject to approval by 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. 604 488-3900
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.
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.