Ximen Mining Closes a Strategic $2.5 Million Investment from New Gold Inc.

Following the closing of the non-brokered private placement which raised gross proceeds of approximately $2.5 million from the placement of approximately 8.9 million charity flow-through shares, priced at $0.285 per share, New Gold now holds 9.9% of Ximen.

“Building strategic relationships with active partners in our community and jurisdiction is essential to Ximen’s long term goals. Ximen is looking forward to enhancing its relationship with New Gold.”

— CHRISTOPHER R. ANDERSON, President & CEO, Ximen Mining Corp.