Mexican Gold Announces Non-Brokered Private Placement

Executive Summary

• Mexican Gold Mining Corp. announced a fully‑allocated, non‑brokered private placement of up to 10 million units at $0.085 per unit, targeting gross proceeds of up to $850,000.
• Each unit consists of one common share and one transferable warrant exercisable at $0.12 per share for three years.
• Net proceeds are earmarked for general corporate working capital; the offering is subject to a four‑month hold period and required regulatory approvals.

Key Details

• Units Offered: Up to 10,000,000 units
• Price per Unit: $0.085
• Gross Proceeds Target: up to $850,000
• Unit Composition:
• 1 common share of Mexican Gold Mining Corp.
• 1 transferable common share purchase warrant (exercise price $0.12, exercisable for three years from issuance)
• Use of Proceeds: Working capital for general corporate purposes.
• Hold Period: Four months from the date of issuance, per Canadian securities law.
• Regulatory Conditions: Subject to receipt of all necessary approvals, including TSX Venture Exchange approval and any other required regulatory consents.
• Finder’s Fees: May be paid to eligible finders in accordance with TSX Venture Exchange policies.

Notable Quotes

(No direct quotes were provided in the release.)