Ximen Mining Advised of Petition Filed by Shareholders
Vancouver, British Columbia (FSCwire) - Ximen Mining Corp. (TSX-V: XIM, “Ximen” or the “Company”) announces that it has been made aware that nine of the shareholders of the Company, led by Alan Slaughter and David Townsend, (collectively, the “Petitioners”) have filed a petition in the Supreme Court of British Columbia (the “Petition”) against the Company and each of its directors (other than Roy Davis), (collectively the “Respondents”) seeking, among other things, a declaration that the Petitioners have been oppressed or, in the alternative, unfairly prejudiced by the actions of one or more of the Respondents, pursuant to s. 227(2) of the British Columbia Business Corporations Act (the “Act”), and that one or more remedial orders be granted pursuant to s. 227(3) of the Act. The Company has not yet been served with the Petition.
The group of Petitioners includes several of the same dissident shareholders who challenged, unsuccessfully, the proceedings at the Company’s annual general meeting held earlier this year.
The Company intends to defend the allegations set out in the Petition vigorously and to issue another press release when there is further information to report.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
604 488-3900
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects. Ximen`s two Gold projects, The Gold Drop Project and Brett Gold Project are located in southern British Columbia. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing Huldra Silver Mine. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN with the number as A1W2EG
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.
Ximen Mining Corp
888 Dunsmuir Street - Suite 888, Vancouver, B.C., V6C 3K4 Tel: 604-488-3900
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Ximen09222017_0.pdf
Source: Ximen Mining Corp. (TSX Venture:XIM)
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