19:01:47 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Ximen Mining Corp
Symbol XIM
Shares Issued 15,415,022
Close 2014-08-21 C$ 0.48
Market Cap C$ 7,399,211
Recent Sedar Documents

ORIGINAL: Ximen completes Brett survey, cancels private placement

2014-08-21 19:49 ET - News Release

Received by email:

File: News Option Grant Aug 22, 2014.docx

    
    
                                                                         



Sourcing and mining precious metal assets in British Columbia

                                                                                                               TSX.V: 
--->XIM
Frankfurt: 1XM
 USA:  XXMMF 
 Ximen Completes IP Survey on 
The Brett Gold Property, Vernon, BC
 

Vancouver, B.C. - (August 22, 2014 - TSX-V: XIM) Ximen Mining Corp. (the "Company" or "Ximen") is pleased to announce 
--->that it has completed its IP survey on the Brett property.  A total of 20 line km of survey was covered to test the la
--->rge magnetic low anomaly that was defined by the recently completed ground magnetic survey, as well an additional 400m
---> to the north. The newly discovered mag-low anomaly measures 1.1 by 1.1 kilometers in size and remains open to the nor
--->th and east. It is a blind target under glacial till cover, with minimal rock exposed on surface. Elsewhere on the pro
--->perty, similar (but much smaller) magnetic low anomalies are associated with known gold-bearing epithermal veins and a
--->ssociated magnetite-destructive alteration. Results of the IP survey will be announced shortly including an overall up
--->date on the Brett property including an exploration update from the Gold Drop property.  
The Company also announces that further to its news release dated April 21, 2014, the Company confirms that it will no
--->t be proceeding with the previously announced $5,000,000 financing at an issue price of $1.10 per common share.

The Company further announces that it will not proceed with an option grant announced on July 17, 2014.  The Company w
--->ill grant options to purchase 1,000,000 shares to certain officers, consultants and directors of the Company. The opti
--->ons shall be exercisable at a price of $00.50 cents per share and shall have a term of two years. 

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. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM
--->, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is
---> A1W2EG as well in the USA on the OTCQX under the symbol XXMMF. 

On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.


For further information, please contact Ward Kondas   604-488-3900 or by email at ward@ximenminingcorp.com.
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 no
--->t guarantees of future performance and actual results or developments may differ materially from those in forward-look
--->ing 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 b
--->usiness 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.



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