Vancouver, British Columbia (FSCwire) - Ximen Mining Corp. (TSX-V: XIM) (the “Company” or “Ximen”) is pleased to announce that the previously disclosed proposed consolidation of the common shares of the Company on the basis of five pre-consolidation shares for one post-consolidation share (the “Consolidation”) is expected to take effect on Monday, January 8, 2018 under new CUSIP number 98420B200, subject to final acceptance by the TSX Venture Exchange. There will be no name change or trading symbol change in conjunction with the Consolidation.
Letters of transmittal will be mailed to the registered holders of the Company's common shares, requesting that they forward their pre-consolidation share certificates to the Company's transfer agent, Computershare Investor Services Inc., for exchange for new share certificates representing their common shares on a post-consolidation basis. No fractional shares will be issued in connection with the Consolidation.
Following the Consolidation, the total issued and outstanding common shares of the Company will be approximately 18,723,287.
The Company also announces that it is deeply saddened by the sudden passing of Zenaida (Zeny) Manalo, the Company’s CFO. Ms. Manalo was a dedicated and well respected member of the Company. The board of directors and management are grateful for her years of service to the Company, and extend to Ms. Manalo's family and friends their sincere condolences.
The Company is in the process of identifying a replacement CFO to fill the resulting vacancy. In the interim, the CFO duties are being handled by other members of the Company’s executive team.
About Ximen Mining Corp.
Ximen Mining Corp. owns 100 percent interest in all three of its precious metal projects. Ximen`s two Gold projects, The Gold Drop Project and Brett Gold Project are located in southern British Columbia. Ximen also owns the Treasure Mountain Silver project adjacent to the past producing Huldra Silver Mine. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, in the USA under the symbol XXMMF, and in Frankfurt, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN with the number as A1W2EG.
