Vancouver, British Columbia (FSCwire) - Ximen Mining Corp. ( TSXV:XIM)
(“Ximen”) is pleased to announce that it has arranged on July 8, 2016 a non-brokered private placement of
4,000,000 units at a price of $0.075 cents per unit for gross proceeds of $300,000. The units of the financing will comprise of
one common share and a full share purchase warrant, which may be exercised for a period of five years at a price of $0.10 cents
per share. Directors, officers or other insiders of the Company will be participate in the foregoing offerings, and such parties
may sell securities of the company owned or controlled by them personally through the facilities of the TSX Venture Exchange to
finance participation in such offerings.
The offering is subject to approval by the TSX-V.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
Ximen Mining Corp. 604 488-3900
This News Release may contain forward-looking statements including but not limited to comments regarding the acquisition of
certain mineral claims. Forward-looking statements address future events and conditions and therefore involve inherent risks and
uncertainties. Actual results may differ materially from those currently anticipated in such statements and Revolver undertakes
no obligation to update such statements, except as required by law.
Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the
business and the industry and markets in which the Company operates, including that: the current price of and demand for minerals
being targeted by the Company will be sustained or will improve; the Company will be able to obtain required exploration licences
and other permits; general business and economic conditions will not change in a material adverse manner; financing will be
available if and when needed on reasonable terms; the Company will not experience any material accident; and the Company will be
able to identify and acquire additional mineral interests on reasonable terms or at all. Forward-looking statements are not
guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Investors are
cautioned that all forward-looking statements involve risks and uncertainties, including: that resource exploration and
development is a speculative business; that environmental laws and regulations may become more onerous; that the Company may not
be able to raise additional funds when necessary; fluctuations in currency exchange rates; fluctuating prices of commodities;
operating hazards and risks; competition; potential inability to find suitable acquisition opportunities and/or complete the
same; and other risks and uncertainties listed in the Company’s public filings. These risks, as well as others, could cause
actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking
statements and information, which are qualified in their entirety by this cautionary statement. There can be no assurance that
forward-looking information, or the material factors or assumptions used to develop such forward looking information, will prove
to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary
forward-looking statements, except as required by applicable securities law.
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.
To view this press release as a PDF file, click onto the following link:
public://news_release_pdf/Ximen07112016.pdf
Source: Ximen Mining Corp. (TSX Venture:XIM)
http://ximenminingcorp.com/
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