| Vancouver, B.C., February 10, 2023 – Ximen Mining Corp. (TSX.v: XIM) (FRA: 1XMA) (OTCQB: XXMMF) (the “Company” or “Ximen”) is pleased to announce that it has closed the non-brokered private placement originally announced on February 9, 2023 by issuing 1,200,000 flow through units at a price of $0.15 for gross proceeds of $180,000. 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 60 months from the date of issue, one additional non-flow-through common share of the Issuer at an exercise price of Cdn$0.20 per share. All securities issued in connection with the flow through Offering will be subject to a hold period expiring June 11, 2023. The closing of this private placement financing is subject to final TSX-V approval. There were no finders’ fees paid on this placement. |
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 |
