Ximen Mining Corp. Announces Results of Annual General Meeting
Vancouver - Ximen Mining Corp. (TSX-V: XIM, “Ximen” or the “Company”) announces that all of the resolutions, other than the Consolidation Resolution, set out in the Company’s Notice of Meeting for its Annual General and Special Meeting of Shareholders convened on February 15, 2017 and concluded at a re-convened meeting held on March 10, 2017 (the “Meeting”) were approved by the shareholders, including the election of the five directors nominated by management as put forth in the Circular. The senior officers of Ximen remain Christopher Anderson, Chief Executive Officer and President, and Zeny Manalo as Chief Financial Officer. Shareholders also passed ordinary resolutions approving the appointment of WDM Chartered Accountants of Vancouver, British Columbia as auditors for the ensuing year.
The TD investment Group led by Mr. Alan Slaughter appeared at the Meeting, together with their legal counsel, and were permitted both to ask questions of management regarding their concerns over the timing of the issuance of certain debenture conversion shares and to put forward a resolution that the Meeting be adjourned for a second time to allow for the Company’s independent directors to investigate further the debenture conversion matter and whether certain additional shares should be eligible to be voted at the Meeting. The TD Investment Groups resolution was defeated.
Ximen’s management confirmed to the Meeting, as it has already done on multiple occasions, both publicly and in private communications with the TD Investment Group shareholders, that it has investigated the matter and is satisfied that Ximen has conducted its business appropriately.
Notice of the Meeting was provided to all registered and beneficial shareholders as of the record date in accordance with applicable corporate and securities laws; and there was no effort on the part of Ximen to disenfranchise any shareholders. At the conclusion of the Meeting Ximen made it known to all who attended that the lines of communication are open, and Ximen has extended an invitation to sit down with any of the parties whom wish to talk about how to improve Ximen going forward.
“Ximen is executing on its plans for 2017, focusing its financial resources and efforts on the exploration and advancement of its 100% owned epithermal, Brett Gold Project.”
Mr. Anderson, CEO, President & Director.
For a full breakdown of Ximen’s 2017 plan of action see our February 16th 2017 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, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN with the number as A1W2EG
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 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
Source: Ximen Mining Corp.