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04:40:49 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Ximen Mining Corp
Symbol XIM
Shares Issued 29,363,782
Close 2015-09-16 C$ 0.045
Market Cap C$ 1,321,370
Recent Sedar Documents

Ximen Mining arranges $1-million debenture financing

2015-09-17 06:46 ET - News Release

Subject: News attached for distribution on Stockwatch.com Please put out ASAP Thanks Chris 604-561-7533 cell File: NR (re Convertible Debentures) (September 16 2015).docx September 16, 2015 TSX.V: XIM Frankfurt: 1XM USA: XXMMF Ximen Announces Convertible Debenture Financing of $1,000,000 Vancouver, B.C. - (September 16, 2015 - TSX-V: XIM) Ximen Mining Corp. (the "Company") is pleased to announce its offering (the "Offering") of convertible debentures raising the aggregate amount of up to $1,000,000 (each, a "Debenture"). Pursuant to the terms of the Debentures, the subscribers may convert all or part of the principal amount outstanding under the Debentures into units (the "Units") comprised of one common share of the Company and one share purchase warrant of the Company. The Debenture may be converted into units over a five year period at the rate of $0.05 per Unit in the first year and $0.10 per Unit thereafter. Each warrant will have an exercise term of 2 years. For any Units resultant from the conversion of a Debenture within the first year, such Units shall comprise of warrants having an exercise price of $0.05 per common share. For any Units resultant from the conversion of a Debenture after the first year, such Units shall comprise of warrants having an exercise price of $0.10 per common share. The Debentures shall have a maturity date of the 5th anniversary of the issuance date and bear an interest rate of 10% per annum, payable annually in units of the Company at the unit price and warrant exercise price determined as at the date of announcement of settlement of the interest accrued to such announcement date. The Debentures shall be secured against the Company's interest in certain mineral tenures comprising a portion of the Brett Gold Property. The use of proceeds from the Offering shall be used for property payments and for general working capital purposes. There are no finder's fees payable. On behalf of the Board of Directors, "Christopher R. Anderson" Christopher R. Anderson, President, CEO and Director Ximen Mining Corp. 604 488-3900 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. Always be positive, strive for solutions, and never give up. My iPhone ...

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