May 18, 2022

Press Release

XIMEN MINING CLOSES PRIVATE PLACEMENT

Vancouver, B.C., May 18, 2022 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) announces that it has closed the final tranche of the private placement previously announced on April 1, 2022 for gross proceeds of $90,000. The final tranche of the non-brokered private placement consisted of 600,000 units at a price of $0.15 per unit. Each Unit consists of one common share and one transferable common share purchase warrant.  Each whole warrant will entitle the holder to purchase, for a period of 24 months from the date of issue, one additional common share of the Issuer at an exercise price of $0.25 per share.

There were no finders fees payable on this final tranche. All securities issued in connection with the final tranche closing will be subject to a hold period expiring on September 18, 2022.

The net proceeds from the Offering will be used by the Company for exploration expenses on the Company’s British Columbia mineral properties and general working capital. The closing of the final tranche of the private placement financing is subject to final TSX-V approval.

On behalf of the Board of Directors,

Christopher R. Anderson,
President, CEO and Director
604 488-3900

Investor Relations: Sophy Cesar, 604-488-3900, ir@XimenMiningCorp.com


Get the latest news on Ximen Mining Corp: Drill results, project updates and industry news will be immediately released to email subscribers.


Projects Reports Investors

Unearth what makes us unique

A Solid Mining Company with Strong Ties to British Columbia

Learn More About Ximen Mining Corp