Ximen Mining (TSE:XIM) has released an update.
Ximen Mining Corp. successfully completed a private placement, raising $500,000 through the sale of 5 million units at $0.10 each, which includes common shares and warrants with a 60-month exercise period. The funds will boost exploration efforts on the company’s British Columbia mineral properties and support general working capital needs. The placement involved a modest commission to Glores Securities Inc. and is awaiting final regulatory approval.
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