BULLETIN V2024-0049
XIMEN MINING CORP. ("XIM")
BULLETIN TYPE: Private Placement - Non-Brokered
BULLETIN DATE: January 4, 2024
TSX Venture Tier 2 Company
TSX Venture Exchange has accepted for filing documentation with respect to a Non-Brokered Private Placement announced on December 15, 2023:
Number of Shares: 2,500,000 common share flow-through units ("FT Units"), each FT Unit consisting of one common share in the capital of the Company on a flow-through basis ("FT Share") and one-half of one common share purchase warrant ("Warrant").
Purchase Price: $0.20 per FT Unit.
Warrants: 1,250,000 Warrants to purchase 1,250,000 common shares of the Company.
Warrant Price: $0.25 exercisable for a period of 3 years from the date of issuance.
Number of Placees: 17 Placees.
Insider / Pro Group Participation:
Insider= Y /
Name Pro Group= P Number of Units
Aggregate Existing Insider Involvement:
[1 Existing Insider] Y 360,000
Aggregate Pro Group Involvement: N/A N/A
Aggregate Cash Amount Aggregate #
of Shares Aggregate #
of Finder Warrants
Finder's Fee:
[3 Finders]
$22,640
N/A
113,200
80,000 Finder Warrants are exercisable at $0.20 per Finder Share, and 33,200 Finder Warrants are exercisable at $0.25. Finder Warrants may be exercised for a period 36 months from the date of issuance.
The Company issued a news release on January 3, 2024, confirming the closing of the Private Placement. Note that in certain circumstances the Exchange may later extend the expiry date of the Warrants, if they are less than the maximum permitted term.
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