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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.
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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.
Ximen Mining Corp (OTCQB: XXMMF) announced plans to initiate drilling at its Amelia gold property near Greenwood, BC, with an area of 3,425 hectares. The company controls over 21,450 hectares in the Greenwood Mining Camp. The drilling permit allows for up to 11,400 meters this year, with initial tests below the historic Cariboo-Amelia gold mine, which previously produced 81,602 ounces of gold. Assays show gold grades up to 103 grams per tonne. The press release emphasizes the need to verify the historical data mentioned.
Ximen Mining Corp (OTCQB:XXMMF) has commenced its 2022 exploration program focused on the Nelson property in southeastern BC, covering approximately 21,300 hectares. Initial activities include sampling at the Wilcox mine dump and tailings, which revealed a gold-bearing tailings deposit with an average grade of 2.39 grams per tonne. The program builds on 2021 efforts, with upcoming drilling at the California gold mine. Soil sampling indicates elevated gold, silver, and copper values, notably near the Kenville mine. Historical records require further verification.
Ximen Mining Corp (OTCQB: XXMMF) has successfully closed the final tranche of its private placement, raising $90,000 through the issuance of 600,000 units priced at $0.15 each. Each unit includes one share and one purchase warrant, exercisable for $0.25 per share for 24 months. The company plans to use the net proceeds for exploration and working capital. The financing is pending TSX-V approval. Ximen Mining owns several precious metal projects in British Columbia, including gold and silver interests.
Ximen Mining Corp. has successfully closed the first and second tranches of a private placement, raising gross proceeds of $1,322,510. The placement involved issuing 8,816,733 units at $0.15 each, with each unit comprising one common share and one purchase warrant exercisable at $0.25 for two years. The proceeds will fund exploration activities in British Columbia and for general working capital. Notably, a director participated in the offering, qualifying it as a related party transaction.
Ximen Mining Corp (OTCQB:XXMMF) has announced a non-brokered private placement of 10 million units priced at $0.15 each, aiming to raise $1,500,000. Each unit consists of one common share and a warrant, allowing the purchase of an additional share at $0.25. Proceeds will fund exploration in British Columbia and working capital. Insiders may participate, and a finder's fee may be paid subject to TSX Venture Exchange approval. All securities are under a four-month hold period from closing.