Ximen Mining Corp. announces Final Payment Made on NSR Purchase Agreement Brett Gold Epithermal Project
Vancouver, B.C. - (December 5, 2018 – TSX-V: XIM) Ximen Mining Corp. is pleased to announce that it has further amended the terms pertaining to an agreement for the purchase of the net smelter return royalty from American CuMo Mining Corp. (TSX-V: MLY) on certain mineral claims comprising the Brett Gold property where the final payment of $930,000 due on or before February 20, 2020, shall be reduced to $720,000 and paid by way of an issuance of 2,400,000 common shares at the deemed price of $0.30 per common share. The foregoing payment shall complete the purchase of such net smelter royalty.
The foregoing is subject to approval from the TSX Venture Exchange.
On behalf of the Board of Directors,
“Christopher R. Anderson”
Christopher R. Anderson,
President, CEO and Director
Ximen Mining Corp.
Ximen Mining Corp
888 Dunsmuir Street - Suite 888
Vancouver, B.C., V6C 3K4
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects. Ximen`s two Gold projects, The Gold Drop Project and Brett Gold Project are located in southern British Columbia. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing Huldra Silver 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 1XM and WKN with the number as A2JBKL.
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.
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