The Vancouver-headquartered company has arranged a private placing of 1.8 million flow-through shares at $0.30 each for proceeds of $540,000 (gross).
All shares issued via the offering will be subject to a hold period of four months and one day from the closing date.
Ximen’s two gold projects, the Gold Drop project and the Brett gold project, are located in southern British Columbia.
It also owns the Treasure Mountain silver project, which is adjacent to the past-producing Huldra Silver mine and near Hope, British Columbia.
The shares added around 3% to $0.335 in Toronto Thursday.