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Ximen Mining arranges $540,000 private placing

All shares issued via the offering will be subject to a hold period of four months and one day
Canadian dollar
The shares are being offered at $0.30 each

British Columbia-focused Ximen Mining Corp (CVE:XIM) announced Thursday a flow-through financing.

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).

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

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.

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