Ximen Mining Corp Closes First Tranche of $8 Million Equity Facility with Alumina Partners

Sourcing and mining precious metal assets in British Columbia

ID: 1550762
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(PresseBox) - Ximen Mining Corp. (TSX.V: XIM) (FRA: 1XMA) (OTCQB:XXMMF) (the ?Company? or ?Ximen? - http://www.commodity-tv.net/c/mid,2697,Company_Presentation/?v=298917) is pleased to announce it has closed the first tranche of its draw-down equity financing facility (the ?Investment Agreement?) with Alumina Partners (Ontario) Ltd. (?Alumina?), an affiliate of New York-based private equity firm Alumina Partners, LLC.

The Investment Agreement is structured to provide Ximen with relatively quick access to private placement financing as and when required. Under the Investment Agreement, the Company has the right to draw down on the facility, at its sole discretion, through equity private placement tranches of up to C$500,000 each. Each tranche will be a placement of units (each a ?Unit?), with each Unit comprising one Ximen common share (a ?Share?) and one common share purchase warrant (a ?Warrant?).month hold period.

On behalf of the Board of Directors,

?Christopher R. Anderson?

Christopher R. Anderson,

President, CEO and Director

About Ximen Mining Corp.

Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects located in southern BC. ents. The option partners are making annual staged cash and stocks payments as well as funding the development of these projects. The company has recently acquired the Kenville Gold mine near Nelson, British Columbia and The Amelia Gold 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 1XMA and WKN with the number as A2JBKL.

Forward-looking statements

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.

Ximen Mining Corp

888 Dunsmuir Street - Suite 888,

Vancouver, B.C., V6C 3K4



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Date: 07/17/2019 - 04:20
Language: English
News-ID 1550762
Character count: 3358
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Firma: Swiss Resource Capital AG
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Stadt: Vancouver, B.C.
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