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Ximen Announces Term Sheet for US $5M to Fund Development of Kenville Gold Mine
February 10, 2021 GMT
VANCOUVER, BC / ACCESSWIRE / February 10, 2021 / Ximen Mining Corp. (TSXV:XIM)(FRA:1XMA)(OTCQB:XXMMF) (the “Company” or “Ximen”) is pleased to announce that it has signed an indicative term sheet with an arm’s-length Swiss-based metals trading firm (the “Lender”) to provide US$5.0 million of financing in the form of a secured gold loan (the “Loan”), for the planned development of a 1200 meter decline and extraction of a 10,000-tonne bulk sample at the Company’s Kenville Gold Mine property. ....

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