logo-loader
Ximen Mining Corp

Ximen Mining amends terms of net smelter return royalty agreement with American CuMo Mining

The final payment of C$930,000 due on or before February 20, 2020, will be reduced to C$720,000 and paid with the issuance of 2.4 million shares

men shaking hands holding hardhats
Ximen’s two gold projects, the Gold Drop project and the Brett gold project, are located in southern British Columbia

British Columbia-focused Ximen Mining Corp (CVE:XIM) has further amended the terms of an agreement for its net smelter return royalty from American CuMo Mining Corp on certain mineral claims that include its Brett gold property.

The final payment of C$930,000 due on or before February 20, 2020, will be reduced to C$720,000 and paid with the issuance of 2.4 million shares at the price of C$0.30 per share.

This payment will complete the purchase of the net smelter royalty, Ximen said.

READ: Ximen Mining's Brett gold property is a tantalising prospect

Ximen’s two gold projects, the Gold Drop project and the Brett gold project, are located in southern British Columbia. Ximen also owns the Treasure Mountain silver project, which is adjacent to the past-producing Huldra Silver mine and near Hope, British Columbia.

Ximen shares traded up 3.2% at C$0.32 in Wednesday’s afternoon trading session.

Contact Ellen Kelleher at [email protected]

Quick facts: Ximen Mining Corp

Price: $0.45

Market: TSX-V
Market Cap: $15.53 m
Follow

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

In exchange for publishing services rendered by the Company on behalf of Ximen Mining Corp named herein, including the promotion by the Company of Ximen Mining Corp in any Content on the Site, the Company receives...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Ximen Mining preparing for summer drill program at Kenville Gold Mine in...

Ximen Mining (CVE:XIM) President and CEO Chris Anderson sat down with Steve Darling from Proactive Investors Vancouver to share news the company is embarking on their summer drilling program at the historic Kenville Gold Mine. Anderson talked about how much they plan on drilling and the...

on 4/7/19

2 min read