Ximen Mining adds eight million units to financing

Executive Summary

• Ximen Mining Corp. amended its non‑brokered private placement, adding 8 million units at $0.05 per unit for gross proceeds of $400,000.
• Each unit includes one common share and one transferable warrant exercisable at $0.10 per share for 18 months; securities are subject to a four‑month‑plus‑one‑day hold period.
• Net proceeds will fund exploration on British Columbia mineral properties and general working capital.

Key Details

• Amended Offering Size: 8,000,000 units
• Unit Price: $0.05 per unit
• Gross Proceeds: $400,000
• Unit Composition: 1 common share + 1 transferable common share purchase warrant
• Warrant Terms: Right to purchase one additional common share at $0.10 per share; exercisable for 18 months from issuance date
• Hold Period: Securities subject to a hold period of four months and one day from closing date
• Finder’s Fee: May be paid in accordance with TSX Venture Exchange policies, pending exchange approval
• Use of Proceeds: Exploration expenses on BC mineral properties; general working capital
• Insider Participation: Directors, officers, or other insiders may participate and may sell securities through TSX Venture Exchange facilities to finance participation

Notable Quotes

(No direct quotes provided in the release.)