Ximen Mining Corp. Advancing Non-Dilutive Funding for Kenville Gold Mine Portal Development and Announces up to $350,000 Bridge Private Placement
Ximen Mining announced a non-brokered bridge private placement of up to 4,375,000 units at $0.08 per unit for gross proceeds of up to $350,000, expected to close September 25, 2026. Each unit carries one common share plus a warrant exercisable at $0.12 for 18 months; proceeds fund roughly 30 days of ongoing site operations at the Kenville Gold Mine near Nelson, British Columbia.
Key figures
- Offering Price
- 0.08
- Shares Offered
- 4375000
- Structure
- non-brokered, one share + one warrant per unit, hard-dollar (non-flow-through)
- Expected close
- September 25, 2026
- Bridge runway days
- 30
- Warrant term months
- 18
- Gross proceeds up to
- 350000
- Warrant exercise price
- 0.12
- Portal construction target
- end of October 2026
AI analysis
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