Ximen Mining Corp. announced a non-brokered private placement of 4,545,455 flow through shares at a price of CAD 0.22 per share for gross proceeds of CAD 1,000,000 on October 12, 2021. Each flow through share consists of one common share and one half transferable common share purchase warrant. Each whole warrant will entitle the holder to purchase one additional non-flow-through common share at an exercise price of CAD 0.35 per share for a period of 36 months from the closing of the transaction. The term of the warrants may be accelerated in the event that the company's shares trade at or above a price of CAD 0.55 per share for a period of 10 consecutive days. A finder's fee may be paid to eligible finders. All securities issued 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 TSX Venture Exchange.