VANCOUVER, British Columbia, April 15, 2014 (GLOBE NEWSWIRE) -- Ximen Mining Corp. (TSX-V:XIM) (the "Company" or "Ximen") is pleased to announce that it has initiated the process for listing its shares on the OTC QX in the United States.
The Company has retained the financial consultant firm of Baxter Capital Advisors, Inc. to pursue a listing on the OTC QX. The Company currently trades on the TSX Venture Exchange under the ticker symbol "XIM" and on the Frankfurt Exchange under the symbol 1XM. A further listing on the OTC QX would broaden the market to include investors in the United States.
Reserved for international companies listed on a qualified stock exchange in their home country, the OTC QX provides easy access to U.S. investors and the ability for a company to diversify its shareholder base. "We are very pleased to be working toward providing our U.S. investors with an alternative trading platform for our common shares and believe this is an important step toward increasing Ximen's visibility within the U.S. market," states Chris Anderson, President of the Company.
About the OTC QX
The OCT QX is the premier tier of the U.S. Over-the-Counter ("OTC") marketplace which gives non-U.S. companies access to U.S. investors, without the duplicative regulatory costs required of listing on a traditional U.S. exchange. The innovative OTC QX platform offers companies and their shareholders a level of marketplace services formerly available only on a U.S. exchange. The OTC QX provides the highest level of visibility and access to U.S. investors possible in the OTC market.
The OTC QX is fully electronic and gives investors access through all major online and full-service brokerage firms in the U.S., including Schwab, E*Trade, Scottrade, TD Ameritrade and Fidelity. Trades are settled and cleared in the U.S. similar to any NASDAQ or NYSE stock, and trade reports are disseminated through Yahoo, Bloomberg, Reuters and most other financial data providers.
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. Recently, the Company has entered into a due diligence agreement with Huldra Silver Inc. (TSX-HDA) for the purposes of determining the feasibility, terms and conditions of a proposal for the acquisition of Huldra Silver. Ximen is a publicly listed company trading on the TSX Venture Exchange under the symbol XIM, and is listed on the Frankfurt (1XM), Stuttgart and Berlin Stock Exchanges (U9U) in Germany under the symbol A1W2EG.
| On behalf of the Board of Directors, |
| "Christopher R. Anderson." |
| Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp. |
For further information, please contact Ward Kondas 604-488-3900 or by email at ward@ximenminingcorp.com.
This press release includes certain statements that may be deemed "forward-looking statements". All statements in this release, other than statements of historical facts, that address future exploration drilling, exploration activities and events or developments that the Company expects, are forward looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include exploitation and exploration successes, continued availability of financing, and general economic, market or business conditions.
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.