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Ximen Mining Corp (OTCQB: XXMMF) has announced a strategic investment from New Gold Inc, acquiring a 9.9% interest through a non-brokered private placement of charity flow-through shares priced at $0.285 each, totaling $2.53 million. This funding aims to support exploration efforts in British Columbia. Ximen's President, Christopher R. Anderson, highlighted the importance of building partnerships for long-term goals. The deal is subject to TSX Venture Exchange approval and no commissions will be paid for this transaction.
Ximen Mining Corp (OTCQB:XXMMF) announced an extension of its investment agreement with Alumina Partners, offering a drawdown equity financing facility of up to $8 million over the next 24 months. This funding, available through private placements of common shares, is aimed at general working capital and potential business opportunities. Notably, the arrangement is not a debt facility, with a maximum limit of $500,000 per request. Ximen aims to maintain a 100% interest in its projects while progressing with sustainable mining practices.
Ximen Mining Corp (OTCQB:XXMMF) has announced a non-brokered private placement of 8,893,635 charity flow-through shares at $0.285 per share, generating gross proceeds of $2,534,686—a 42.5% premium to its current share price. The funds will be used for exploration on its British Columbia properties. The financing is subject to regulatory approvals, with closing expected around February 2, 2022. Ximen is preparing for a robust exploration season with multiple drilling permits in place across various gold and silver properties, including the Kenville Gold Mine.
Ximen Mining Corp. announced drilling results from the Wild Horse Gold property in British Columbia. In 2021, two holes were drilled, totaling 374 meters. The first hole, GM21-01, extended the 2016 results, intersecting significant gold values, averaging 0.36 grams per tonne over an 86-meter interval. The second hole, GM21-02, encountered a strong fault zone but still reported localized mineralization with values up to 5.43 grams per tonne. The results confirm the potential of the site, historically linked to over 10 million ounces of recovered gold.
Ximen Mining Corp (OTCQB:XXMMF) has completed the final tranche of a non-brokered private placement, raising gross proceeds of $70,400 through the issuance of 320,000 flow-through shares at $0.22 each. The net proceeds will support exploration expenses in British Columbia. A related party transaction occurred, involving Christopher Anderson, an officer of the Company. Ximen also granted 1,000,000 stock options and 1,000,000 Restricted Share Units to its personnel, subject to a four-month hold period. The closing is pending TSX-V approval.
Ximen Mining Corp (OTCQB: XXMMF) announced the completion of the first tranche of a non-brokered private placement, raising $158,400 by issuing 720,000 flow-through shares at a price of $0.22 each. Proceeds will support exploration activities on the company’s mineral properties in British Columbia. A cash commission of $1,540 was paid, along with 7,000 finders warrants. The offering is subject to TSX-V approval and securities issued will have a hold period until April 11, 2022.
Ximen Mining Corp has announced a non-brokered private placement of 1,818,182 flow-through shares priced at $0.22 per share, expected to raise $400,000. The funds will be allocated for exploration on its British Columbia mineral properties. Each share comes with a warrant to purchase additional shares at Cdn$0.35 for up to 36 months. The offering is subject to TSX-V approval and includes provisions for a possible finder's fee. All securities will have a hold period of four months and one day.
Ximen Mining Corp (OTCQB: XXMMF) has successfully completed the final tranche of its non-brokered private placement, raising $217,000 through the issuance of 986,364 flow-through shares at $0.22 each. Each share comes with a warrant allowing the purchase of additional shares at $0.35 for three years. The funds will be allocated towards exploration activities in British Columbia. The offering is subject to final approval from TSX-V, with all securities issued under a hold period until March 20, 2022.
Ximen Mining Corp has completed the first tranche of a non-brokered private placement, raising $183,000 by issuing 831,818 flow-through shares at $0.22 each. Each share includes a warrant allowing purchase of a non-flow-through share at Cdn$0.35 for 36 months. Proceeds are allocated for exploration on mineral properties in British Columbia. A cash commission of $6,545 and 29,750 finders warrants were issued. The financing is pending final approval from TSX-V.
Ximen Mining Corp (OTCQB:XXMMF) has successfully closed a non-brokered private placement, raising $1,000,000 through the issuance of 4,545,456 flow-through shares priced at $0.22 each. Each share includes a warrant that allows purchase of a common share at Cdn$0.35 for up to 36 months. Additionally, the company arranged another placement for $400,000 with 1,818,182 flow-through shares. Proceeds will fund exploration on its British Columbia properties, subject to TSX-V approval. A cash commission of $70,000 was paid, and finders' warrants were issued.