VANCOUVER, British Columbia, May 28, 2014 (GLOBE NEWSWIRE) -- Ximen Mining Corp. (the "Company" or "Ximen") (TSX-V:XIM) (OTCQX:XXMMF) is pleased to announce that Merriman Capital Inc. will serve as our Principal American Liaison (PAL) as we begin trading on OTCQX ®, the best marketplace for qualified companies. OTC Markets Group announced today that Ximen is now trading on OTCQX.
OTCQX is the top marketplace of the U.S. OTC market. OTCQX traded companies are distinguished among the 10,000 securities traded OTC. These companies meet more stringent financial standards and undergo a qualitative review process. International companies on OTCQX must also be sponsored by a Principal American Liaison ("PAL"), a FINRA member investment bank, securities law firm or ADR bank, to serve as a liaison between the issuer and the U.S. market. The PAL can help the issuer communicate more effectively with the U.S. investment community by leveraging the PAL's resources and capital markets experience.
"We are very pleased to add Ximen Mining to our expanding universe of OTCQX companies," commented Douglas Rogers, Managing Director of Merriman's Capital Markets Advisory Group. "Advising our clients on best practices regarding their material information and financial reporting requirements is a key component of our advisory platform at Merriman. We look forward to sponsoring and supporting the Ximen Mining management team in our capacity as their PAL to the OTCQX marketplace."
"Trading on OTCQX is a positive step forward in expanding the points of access to our U.S. investors," says Christopher R. Anderson, CEO, President and Directory of Ximen Mining Corp. "With this new access, Ximen is excited to increase our U.S. market visibility as we become actively engaged in our work programs on our precious metal assets in Southern BC."
About Merriman Capital, Inc.
Merriman Capital, Inc. is a full service investment bank and Broker-Dealer that facilitates efficient capital formation through a proprietary digital network, and offers Capital Markets Advisory and comprehensive Corporate Brokerage services for public and private companies. The firm also provides equity and options execution services for sophisticated investors and differentiated research for high growth companies. Merriman Capital, Inc. is a wholly owned brokerage subsidiary of Merriman Holdings, Inc. (OTCQX:MERR) and is a leading advisory firm for publicly traded, high-growth companies.
Digital Capital Network, powered by Merriman Capital, is a capital marketplace that enables highly targeted and more efficient execution of transactions. Please visit our website for more information on how you can be a part of our Digital Capital Network: http://www.digitalcapitalnetwork.com .
Merriman Capital, Inc. is a registered broker-dealer and member of The Financial Industry Regulatory Authority (FINRA) http://www.finra.org/ and the Securities Investor Protection Corporation (SIPC) http://www.sipc.org/ .
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. 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, Munich, and Berlin Stock Exchanges in Germany under the symbol 1XM and WKN number is A1W2EG, and trading on the OTCQX marketplace in the U.S. under the symbol XXMMF.
On behalf of the Board of Directors,
"Christopher R. Anderson."
Christopher R. Anderson, President, CEO and Director, Ximen Mining Corp.
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.
CONTACT: For further information, please contact Ward Kondas 604-488-3900 or by email at ward@ximenminingcorp.com.
