Ximen investor Anderson acquires two million units
Ximen investor Anderson acquires two million units
2018-01-11 17:02 ET - News Release
Mr. Christopher Anderson, an investor, reports
CHRISTOPHER ANDERSON ACQUIRED UNITS IN XIMEN MINING CORP.
Christopher Anderson acquired two million units of Ximen Mining Corp. at a price of five cents per unit on closing of a private placement by the issuer on Dec. 13, 2017. The units comprise two million common shares and two million share purchase warrants of the issuer. The warrants are exercisable at five cents per share for a period of five years from the closing date, subject to the term of the warrants being accelerated in the event that the common shares of the issuer trade at or above a price of 10 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 30 days from the date of providing such notice.
These securities were acquired by Mr. Anderson for investment purposes only. Mr. Anderson may acquire additional securities of the issuer in the future.
As of the closing date, Mr. Anderson holds beneficial ownership, direction or control over an aggregate of 12,738,642 common shares, 5,801,542 share purchase warrants and 900,000 incentive share purchase options, representing in aggregate approximately 13.2 per cent of the outstanding common shares of the issuer on a non-diluted basis and 18.9 per cent on a partially diluted basis.
A copy of the early warning report in respect of this acquisition has been filed with the applicable securities commissions and can be found under the issuer's SEDAR profile.