Item Id: GoldenPHX01
Case Name: Golden Phoenix Minerals, Inc
Case Number: 16 51298
Starting Minimum Bid: $5,500
Description: Estate’s interest in 90,000 shares of common stock in Ximen Mining Corp of Vancouver, BC, Canada (XXMMF or XIM = TSX)
XIM Mining has a 100% interest in one of the world’s largest gold bearing epithermal systems in Southern British Columbia. With similar geology to the Gold District in Washington this is an advanced system with multiple high grade targets.
As of 3/7/19, the 52 week high/low range of Ximen Mining stock has been a low of $0.10 and a high of $0.457. On 4/22/19, the stock closed at 0.72 CAD or approximately 0.54 USD
The debtor originally purchased 450,000 shares of stock. There was a prior reverse stock split of Ximen Mining Stock so as of 2019, the stock shares are 90,000
Upon completion of the auction, a stock transfer assignment will be provided to the winning bidder. That new assignment must be submitted along with a Medallion Signature guarantee and a stock transfer fee following Ximen procedures and policy. The winning bidder is responsible for familiarizing themselves with all policies and procedures related to stock purchase of a Canada based firm traded on the Toronto Stock Exchange
THIS ASSET HAS A FIRM OFFER AND WILL NOT RELIST!!!!
Location Ximen Mining is headquartered in Vancouver, British Columbia in Canada
Golden Phoenix Ximen Stock Cert
Notes: A closing cost fee of $275 will apply. This is all we know about this item. Any fees/liens owing on this item are not part of the final bid price. A bid submitted by a buyer is an agreement to our Terms. Buyers should not bid unless they fully intend to complete the sale in accordance with our Terms (to view terms, click “Terms” tab in Seller Store header at top of ad).
Bidders should familiarize themselves with BKAssets.com policy regarding ‘Proxy Bidding’ (see ‘Bidding Guide’ on www.bkassets.com Home Screen). BKAssets is not responsible for connectivity issues, or Internet transmission times, when submitting an auction bid near the close of auction. The auction process does not extend past the set close time of the auction and bidders are solely responsible for the timing and receipt of their bids if they elect not to utilize Proxy bidding.
Title and Transfer: The stock transfer will be an assignment of the stock along with the original stock certificates which must be submitted by the winning bidder to Ximen Mining with a Medallion Signature Guarantee. Please note payment must be provided in CAD even in purchased outside Canada Because this is a US Bankruptcy Court ordered, as is, where is,sale, BKAssets is not permitted to use an escrow company, or provide any warranties or guarantee, implied or stated.
Legal Info: By Order of the United States Bankruptcy Court, BKAssets sells this and any other property “AS IS, WHERE IS”, with no warranties implied or stated. This means that the Seller and the trustee are not responsible for problems (if any) with the title, the condition of the stock, the transfer of the stock with Ximen, or any liens or encumbrances against the unit. The buyer will be entirely responsible for this stock after the sale including but not limited to: paying any fees/costs associated with this stock (in either CAD or USD), paying all fees/liens (if any), recording/transferring the assignment and gathering any paperwork/documentation necessary for that process. Seller and trustee are NOT realtors nor stock investors. BKAssets and the trustee shall be under no obligation to buyer except to provide buyer with a Bill of Sale, and the stock certificates and assignments. All the information as to the item description has been provided by the management company, trustee and Ximen website. BKAssets cannot guarantee that all the information is accurate. BKAssets recommends all bidders perform their own due diligence prior to bidding. As with any bankruptcy sale, this sale may be subject to court approval.
Payment Info: $U.S. Money order, certified check, cashier’s check. BKAssets may also accept “Bill Pay” from Citibank, Chase, Wells Fargo, Bank of America, a local regional bank or credit union. If you would like to use “Bill Pay,” but do not bank at one of these establishments, please call BKAssets prior to sending payment.
A closing cost fee of $275 (payable to seller) will apply. Full payment must be received within (7) days of winning bid. Any bidder who does not complete the sale within 7 days from the close of auction will be considered in default. Seller has the right to proceed with the next highest bidder.
Shipping Info: Shipping is included to all buyers in the United States. International bidders are welcome, please contact BKAssets for shipping costs to countries other than the United States prior to bidding. Shipping costs to locations outside of the US will be calculated at the close of auction. Please be advised that because this is a US Bankruptcy Court Ordered sale, and subject to approval, shipping can take an average of 3-6 weeks.
Liens: We are not aware of any other liens