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Ximen Mining Corp. Announces $8 Million Equity Facility with Alumina Partners

ID: 1550086
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(PresseBox) - Ximen Mining Corp. (TSX.V: XIM) (FRA: 1XMA) (OTCQB:XXMMF) (the ?Company? or ?Ximen? - http://www.commodity-tv.net/c/mid,2697,Company_Presentation/?v=298917) has entered into an agreement for a draw-down equity financing facility (the ?Investment Agreement?) with Alumina Partners (Ontario) Ltd. (?Alumina?), an affiliate of New York-based private equity firm Alumina Partners, LLC.

Christopher Anderson, President and CEO of Ximen, stated, "This Agreement provides Ximen with additional capital to expand our exploration program on our Brett Epithermal Gold property near Vernon BC and allows us to accelerate our work programs planned for the Kenville Gold Mine near Nelson, "

?Alumina is excited to support Ximen as they move to systematically expand their precious metals holdings in the highly favorable mining jurisdiction of British Columbia,? said Adi Nahmani, Managing Member of Alumina. ?As the gradual sector rotation back toward precious metals continues to gain traction, we anticipate the strong management team at Ximen being able to translate their substantial asset base into the real revenue streams of a production-stage company.?

The Investment Agreement is structured to provide Ximen with relatively quick access to private placement financing as and when required. Under the Investment Agreement, the Company has the right to draw down on the facility, at its sole discretion, through equity private placement tranches of up to C$500,000 each. Each tranche will be a placement of units (each a ?Unit?), with each Unit comprising one Ximen common share (a ?Share?) and one common share purchase warrant (a ?Warrant?).4-month hold period.

On behalf of the Board of Directors,

?Christopher R. Anderson?

Christopher R. Anderson,

President, CEO and Director

Investor Relations:

About Ximen Mining Corp.



Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects located in southern BC. reements. The option partners are making annual staged cash and stocks payments as well as funding the development of these projects. The company has recently acquired the Kenville Gold mine near Nelson, British Columbia and The Amelia Gold Mine.

Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XMA and WKN with the number as A2JBKL.

Forward-looking statements

This press release contains certain "forward-looking statements" within the meaning of Canadian securities legislation, including statements regarding the financing available to the Company under its Investment Agreement with Alumina, and the Company?s related plans for exploration and on-going acquisition of gold assets in British Columbia. Although the Company believes that such statements are reasonable, it can give no assurance that such expectations will prove to be correct. Forward-looking statements are statements that are not historical facts; they are generally, but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends," "estimates," "projects," "aims," "potential," "goal," "objective," "prospective," and similar expressions, or that events or conditions "will," "would," "may," "can," "could" or "should" occur, or are those statements, which, by their nature, refer to future events. The Company cautions that Forward-looking statements are based on the beliefs, estimates and opinions of the Company''s management on the date the statements are made and they involve a number of risks and uncertainties. Consequently, there can be no assurances that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Except to the extent required by applicable securities laws and the policies of the TSX Venture Exchange, the Company undertakes no obligation to update these forward-looking statements if management''s beliefs, estimates or opinions, or other factors, should change. Factors that could cause future results to differ materially from those anticipated in these forward-looking statements include the risk that the Company will not be in compliance with the draw-down conditions under the Investment Agreement at a time when it wishes to rely upon financing under that agreement, the risk that the Company will not be able to secure the acceptance of the TSX Venture Exchange for any draw-down under the Investment Agreement, the risks associated with mineral exploration, development and extraction operations, the risk that its business partners will encounter unanticipated geological factors, or the possibility that they may not be able to secure permitting and other governmental clearances, necessary to carry out their stated plans, and the risk of political uncertainties and regulatory or legal disputes or changes in the jurisdictions where the Company carries on its business that might interfere with the Company''s business and prospects. The reader is urged to refer to the Company''s reports, publicly available through the Canadian Securities Administrators'' System for Electronic Document Analysis and Retrieval (SEDAR) at www.sedar.com for a more complete discussion of such risk factors and their potential effect.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in the United States in which such offer, solicitation or sale would be unlawful. The securities referred to herein have not been and will not be registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Ximen Mining Corp

888 Dunsmuir Street - Suite 888,

Vancouver, B.C., V6C 3K4



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Date: 06/20/2019 - 11:27
Language: English
News-ID 1550086
Character count: 6395
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Firma: Swiss Resource Capital AG
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Stadt: Vancouver, B.C.
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