Ximen Commences with Shares for Debt
Vancouver, British Columbia--(Newsfile Corp. - March 30, 2015) - Ximen Mining Corp. (TSXV: XIM) (the "Company" or "Ximen") further to its news release announced Dec-24-2014 and again on Jan-30-2015, continues to pursue a proposed Non-brokered private placement financing for aggregate gross proceeds of $1,050,888.
The current tranche that will be completed will close on 1,150,000 units, $00.15 non-flow-through unit consists of one non-flow-through common share of the company and one non-transferable share purchase warrant. Each warrant has a two-year term for the purchase of one further non-flow-through common share of the company at an exercise price of 25 cents per share.
A finder's fee may be paid to eligible finders in accordance to TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing.
The company also announces that it is proceeding with a shares for debt filing to pay outstanding debts of $221,343.59. Approximately 1,475,624 shares in the capital stock of the company will be issued to pay these outstanding payables. The share for debt agreement is subject to TSX Venture Exchange approval.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA under the symbol XXMMF.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director
Ximen Mining Corp. 604 488-3900
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.
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.
