Ximen Mining Secures $350,000 Bridge for Kenville Portal
Ximen Mining has finalized the terms of its $350,000 bridge financing, which closes September 25, to maintain operations at the Kenville Gold Mine while it negotiates non-dilutive capital for long-term development. The company emphasizes that equipment and power are in place, aiming to commence portal construction by the end of October 2026.
Per the latest filing from GN auto stocks/materials: gold mining, the bridge placement is structured as 4.375 million units at $0.08 each, with each unit containing one share and an 18-month warrant exercisable at $0.12. Management confirmed that site infrastructure is ready, targeting the start of portal construction in late October 2026, while noting that outstanding engineering reports for foundation stability and flood retention remain key preconditions.
Source: newsfilecorp.comXimen Mining Corp. announced a non-brokered private placement to fund near-term operations at the Kenville Gold Mine in British Columbia. The company is simultaneously negotiating non-dilutive capital for long-term development to minimize shareholder dilution.
Source: investingnews.com
