VANCOUVER, B.C., Jan. 7, 2015 (GLOBE NEWSWIRE) -- Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") is pleased to provide the results of the Annual General Meeting of the Shareholders held on December 31, 2014 in Mississauga, Ontario. Each of the resolutions, as listed in the Management Information Circular, was approved. Management nominated and the shareholders re-elected the three directors comprised of Christopher R. Anderson, Lorne Mann and Patrick Forseille. WDM Chartered Accountants, of Vancouver, British Columbia were appointed as auditors and the Company's Stock Option Plan and the previous year's business were also ratified and approved.
The Company also announces it has completed further payment instalments under its purchase agreement dated December 3, 2013 with the vendor of the Brett Property, Running Fox Resource Corp., by issuing 700,000 common shares at a deemed price of $0.215 per share and the payment of $300,000.
The Company wishes to announce that effective December 31, 2014, subscriptions for FT Units may include warrants for the purchase of either flow-through common shares or non flow-through common shares. The price and other terms of the FT Units remain unchanged.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in its two projects, Gold Drop Project and Brett Gold Project located in southern British Columbia. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG as well in the USA under the symbol XXMMF.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director
Ximen Mining Corp. 604 488-3900
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.