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Ximen Mining Makes Final $1,000,000 Cash Payment on Kenville Gold Mine Royalty Agreement Nelson BC
VANCOUVER, BC / ACCESSWIRE / November 4 , 2019 / Ximen Mining Corp . (TSX-V: XIM, " Ximen ...
About this update from Ximen Mining Corp.
[{"type":"text","content":"Ximen Mining Makes Final $1,000,000 Cash Payment on Kenville Gold Mine Royalty Agreement Nelson BCVANCOUVER, BC / ACCESSWIRE / November 4, 2019 / Ximen Mining Corp. (TSX-V: XIM, \"Ximen\" or the \"Company\") is pleased to announce that it has made its final payment on a royalty option agreement (the \"Agreement\") with Gungnir Resources Inc.Ximen Mining has now purchased all of Gungnir's remaining interest in its 4% gross metal royalty (the \"Royalty\") over the Kenville Gold Mine Property for total consideration of $1,700,000 (the \"Purchase Price\").See news releases dated April 26 and May 24, 2019, for further details on the Kenville transaction.On behalf of the Board of Directors,\"Christopher R. Anderson\"Christopher R. Anderson,President, CEO and Director604 488-3900Investor Relations:Sophie Cesar, [email protected] Ximen Mining Corp.Ximen 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 recently acquired control of the Kenville Gold mine near Nelson British Columbia which comes with surface and underground rights, buildings and equipment.This press release contains certain \"forward-looking statements\" within the meaning of Canadian securities legislation, including statements regarding the receipt of TSX Venture Exchange approval and the exercise of the Option by Ximen. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words \"expects,\" \"plans,\" \"anticipates,\" \"believes,\" \"intends,\" \"estimates,\" \"projects,\" \"aims,\" \"potential,\" \"goal,\" \"objective,\" \"prospective,\" and similar expressions, or that events or conditions \"will,\" \"would,\" \"may,\" \"can,\" \"could\" or \"should\" occur, or are those statements, which, by th...