Ximen Mining Corp Announces Flow Through Financing

About this update from Ximen Mining Corp.

[{"type":"text","content":"Ximen Mining Corp Announces Flow Through FinancingVANCOUVER, BC / ACCESSWIRE / December 1, 2021 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the \"Company\" or \"Ximen\") is pleased to announce that it has arranged a non-brokered private placement of 1,818,182 flow through shares at a price of $0.22 cents per share for gross proceeds of $400,000. Each Flow-Through share consists of one common share that qualifies as a \"flow-through share\" as defined in subsection 66(15) of the Income Tax Act and one transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase, for a period of 36 months from the date of issue, one additional non-flow-through common share of the Issuer at an exercise price of Cdn$0.35 per share.The net proceeds from the Offering will be used by the Company for exploration expenses on the Company's British Columbia mineral properties.A finder's fee may be paid to eligible finders in accordance with 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. The offering and payment of finders' fees are both subject to approval by the TSX-V.On behalf of the Board of Directors,\"Christopher R. Anderson\"Christopher R. Anderson, President, CEO and Director 604 488-3900Investor Relations: Sophy Cesar, 604-488-3900, [email protected] Ximen Mining CorpXimen Mining Corp. owns 100% interest in three of its precious metal projects located in southern BC. Ximen`s two Gold projects The Amelia Gold Mine and The Brett Epithermal Gold Project. Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine. Currently, the Treasure Mountain Silver Project is under a option agreement. The option partner is making annual staged cash and stocks payments as well as funding the development of the project. The company has also acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.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 1XMA and WKN with the number as A2JBKL.This press release ...

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