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Ximen Mining Corp (OTCQB: XXMMF) announced a non-brokered private placement of 7 million flow-through shares at $0.07 each, raising gross proceeds of $490,000. The shares will fund exploration on its British Columbia properties. Each share includes a warrant allowing the purchase of an additional non-flow-through share at Cdn$0.10 for five years. The offering is pending TSX Venture Exchange approval, and insiders may participate. With a focus on acquiring high-grade gold assets, Ximen aims to advance the Kenville Gold Mine towards production.
Ximen Mining Corp has successfully closed a private placement for gross proceeds of $560,000, consisting of 8 million units priced at $0.07 each. Each unit includes a common share and a warrant to purchase another share at $0.10 for 60 months. The net proceeds will fund exploration on British Columbia mineral properties and general working capital. The transaction involved a related party, with exemptions from formal valuation and minority approval requirements. The placement is pending final TSX-V approval.
Ximen Mining Corp has fully subscribed its private placement offering of 8 million units at $0.07 per unit, raising $560,000. Each unit includes one common share and one purchase warrant, exercisable at $0.10 for five years. Participation may include insiders, with a finder's fee possible upon TSX-V approval. Net proceeds will fund exploration in British Columbia and support general working capital. There are no undisclosed material changes, and all securities will have a four-month hold period after closing.
Summary not available.
Ximen Mining Corp (OTCQB:XXMMF) has announced a non-brokered private placement of 8 million units at $0.07 each, raising gross proceeds of $560,000. Each unit consists of one common share and one purchase warrant, allowing the purchase of additional shares at $0.10 for 60 months. Proceeds will fund exploration in British Columbia and general working capital. Participation by insiders is permitted, and any finder’s fees are subject to TSX-V approval. The securities will have a four-month hold period post-closing.
Ximen Mining (OTCQB:XXMMF) plans to commence drilling at its Amelia gold property in southern British Columbia this month. The property, covering 3,425 hectares near Mt. Baldy, has historical production of 81,602 ounces of gold. The approved drill permit allows for approximately 11,400 meters to be drilled this year, targeting depths below the historic mine and vein extensions. Ximen also controls over 21,450 hectares in the Greenwood Mining Camp and is advancing its Kenville Bulk Sample project, aiming for a new NI 43-101 resource estimate, with past estimates disclosing 16,289 ounces of measured resources.