Ximen Mining Corp. announced a non-brokered private placement of 5,000,000 units at a price of CAD 0.10 per unit for gross proceeds of CAD 500,000 on March 28, 2024. Each unit consists of one common share and one transferable common share purchase warrant.

Each whole warrant will entitle the holder to purchase, for a period of 60 months from the date of issue, one additional common share of the issuer at an exercise price of CAD 0.16 per share. The company may pay a finder's fee to eligible finders in accordance with the TSX Venture Exchange policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing.

The offering and payment of finders' fees are both subject to approval by the TSX-V. The transaction will include participation from directors, officers or other insiders of the company.