Ximen Mining closes $400,000 private placement

Executive Summary

• Ximen Mining Corp. has closed a private placement previously announced in February and March 2026.
• The placement raised gross proceeds of $400,000 through the issuance of eight million units at $0.05 per unit.
• Net proceeds are earmarked for exploration expenses on British Columbia mineral properties and general working capital.

Key Details

• Total Units Issued: 8,000,000
• Price per Unit: $0.05
• Gross Proceeds: $400,000
• Unit Composition: One common share and one transferable common share purchase warrant per unit.
• Warrant Terms:
  • Exercise Price: $0.10 per share
  • Term: 18 months from the date of issue
• Hold Period Expiry: August 16, 2026
• Use of Proceeds: Exploration expenses on British Columbia mineral properties and general working capital.
• Transaction Costs & Commissions:
  • Cash commission paid to Research Capital Corp.: $9,800
  • Finder's warrants issued: 196,000 (non-transferable, same terms as private placement warrants)