Ximen Adds $682,275 to Treasury
11 Março 2014 - 6:29PM
(TSX-V:XIM) Ximen Mining Corp. (the "Company" or "Ximen") is
pleased to announce that it has submitted final documentation for
the first tranche of its non-brokered private placement consisting
of 1,227,273 units at a price of $0.55 per unit in the capital
stock of the Company. A total of $682,275 has been completed and
the final tranche is expected to be submitted within a few days.
Each unit will consist of one common share and one half share
purchase warrant. Each full share purchase warrant will entitle the
holder thereof to purchase one additional share of the Company at a
price of $1.00 per share for a period of 18 months from the closing
date of the private placement. Closing of this placement is
conditional upon approval of the TSX Venture Exchange.
The Company also announces an update to a news release dated
February 27, 2014, announcing that it has retained Mr. Ward Kondas
to provide investor relations services. The term of the agreement
shall be for one year at a monthly fee of $7,500.
XIMEN MINING CORP.
On Behalf of the board
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
Statements in this press release, other than purely
historical information, including statements relating to the
Company's future plans and objectives or expected results, may
include forward-looking statements. Forward-looking statements are
based on numerous assumptions and are subject to all of the risks
and uncertainties inherent in resource exploration and development.
As a result, actual results may vary materially from those
described in the forward-looking statements.
CONTACT: For more information, please contact:
Ximen Mining Corp.
604-488-3900
Ximen Mining (PK) (USOTC:XXMMF)
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