Mexican Gold arranges unit placement at 8.5 cents

Executive Summary

• Mexican Gold Mining Corp. announced a fully allocated non‑brokered private placement of up to 10 million units at C$0.085 per unit, targeting gross proceeds of up to $850,000.
• Each unit includes one common share and one transferable warrant allowing the purchase of an additional share at C$0.12 for three years from issuance.
• Net proceeds are earmarked for working capital and general corporate purposes; securities will be subject to a four‑month hold period.

Key Details

• Placement Size: Up to 10 million units.
• Price per Unit: C$0.085 (8.5 cents).
• Gross Proceeds Target: Up to $850,000.
• Unit Composition: 1 common share + 1 transferable common share purchase warrant.
• Warrant Terms: Exercise price C$0.12; exercisable for three years from issuance.
• Use of Proceeds: Working capital and general corporate purposes.
• Finder’s Fees: May be paid to eligible finders in accordance with TSX Venture Exchange policies.
• Hold Period: Four months from the date of issuance, per Canadian securities law requirements.
• Conditions: Offering subject to receipt of all required regulatory approvals, including exchange approval.

Notable Quotes

(No executive quotes were provided in the release.)