Jiminex Corrects Press Release Concerning Third Tranche of Private Placement

February 14, 2019 9:50 AM EST | Source: Jiminex Inc.

Toronto, Ontario--(Newsfile Corp. - February 14, 2019) - Jiminex Inc. ("Jiminex" or the "Company") today announced a correction to its press release that was disseminated on January 31, 2019 (the "Initial Press Release"). The Initial Press Release incorrectly stated that the Company closed on a third tranche of its previously announced non-brokered private placement (the "Offering") for gross proceeds of $232,000 through the issuance of 3,866,666 common shares in the capital of the Company ("Common Shares"), and had paid eligible finders a cash commission of $20,880 and 347,999 finder's warrants ("Finder Warrants") to acquire Common Shares. In fact, the Company raised gross proceeds of $325,000 through the issuance of 5,416,667 Common Shares, and paid eligible finders a cash commission of $29,250 and 487,500 Finder Warrants. The terms of the Offering remain the same as disclosed in the Company's news release dated October 22, 2018.

About Jiminex Inc.

Jiminex is a junior mineral exploration company.

For more information, please contact:

Jiminex Inc.
Binyomin Posen, CEO and Director
Telephone: (416) 481.2222 x 246
Email: bposen@plazacapital.ca

Cautionary Statements Regarding Forward Looking Information

This news release contains "forward-looking information" within the meaning of applicable securities laws. Any such forward-looking statements may be identified by words such as "expects", "anticipates", "believes", "projects", "plans" and similar expressions. Readers are cautioned not to place undue reliance on forward-looking statements. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/42845

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