VANCOUVER, British Columbia, April 10, 2014 (GLOBE NEWSWIRE) -- Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") is pleased to announce that it has engaged the services of Jacob Securities Inc ("Jacob"). Jacob is an independent full-service investment bank providing a wide range of services including underwriting, financial advisory services, research, liquidity support and other services to companies in the renewable power, infrastructure, energy and mining sectors. The firm has comprehensive coverage of the complete energy spectrum, from renewable energy and clean technology to conventional utilities to oil and gas, and with particular focus in the energy related commodities, including uranium and rare earth. The Jacob Securities team has participated in more than $3-Billion in renewable equity financing.
"As Ximen continues to expand and grow on its opportunities in the precious metals space, organically and through accretive acquisitions, we are confident that Jacob securities will play an instrumental role in assisting Ximen to achieve its objectives. Our foray into the investment banking community is a key step and we are pleased to be working with a group that is a believer in the mining arena." Christopher R Anderson – President and CEO
Jacob Securities will provide Ximen with certain advisory services including market intelligence and liquidity support utilizing Jacob Securities' own capital. Pursuant to an advisory agreement dated April 1, 2014 Jacob will provide certain financial advisory services. The term of the Agreement is for a period of twelve (12) months.
Manni Buttar, President of Jacob Securities, added "As the gold price has dropped from US$1,900/oz to US$1,300/oz, gold companies are operating in a challenging environment. We support gold companies with quality assets and a strong management team that can successfully operate and grow in the current environment. Jacob Securities wants to help these companies succeed and we want to build a long-term relationship with them as they grow organically or through strategic acquisitions".
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. Recently the company has entered into a due diligence agreement with Huldra Silver Inc. for the purposes of determining the feasibility, terms and conditions of a proposal for the acquisition of Huldra Silver. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt (1XM), Stuttgart and Berlin Stock Exchanges (U9U) in Germany under the symbol A1W2EG.
On Behalf of the board
"Christopher R Anderson"
Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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.
CONTACT: Ward Kondas
604-488-3900
email: ward@ximenminingcorp.com
