The TSX Venture Exchange has accepted for filing documentation pertaining to property purchase agreements dated June 25, 2021, and June 29, 2021, between Ximen Mining Corp., and Classic Financial Corp., Mike Kennedy, Ray Morton, Paul Ransom, Torrey Fredlund and The Fredlund Group, pursuant to which the company can acquire a 100-per-cent interest in 139 mineral claims covering 12,767 hectares, located 15 kilometres northeast of Cranbrook in the Fort Steele mining division of British Columbia, known as the Wild Horse Creek property. In consideration, the company will issue 3,455,000 shares to the vendors.
The vendors will retain a 1.0-per-cent net smelter return royalty on the property, which can be purchasable at any time by the company for $1-million.
For further details, please refer to the company's news release dated July 6, 2021.
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