First Mexican Gold Corp. Private Placement Oversubscribed
July 11 2011 - 9:35AM
Marketwired
First Mexican Gold Corp. (TSX VENTURE: FMG) is pleased to announce
its private placement announced June 22, 2011 of 2,000,000 units
has been over-subscribed and the Company has increased the private
placement to 2,950,000 units which were priced at $0.24 per unit
with a half warrant exercisable for two years at $0.30 per full
warrant for total proceeds of $708,000. The Company intends to use
the proceeds from the private placement in support of its planned
and continuing drilling program in Mexico and for general corporate
purposes. No finders fees are applicable.
First Mexican Gold Corp is an active explorer for precious
metals in Mexico and holds an option to acquire 80% interest in the
Guadalupe property package from (MIMSA) a wholly owned subsidiary
of International Millennium Mining Corp (TSX VENTURE: IMI). The
Company now controls a total of 15,112 hectares in this high
potential exploration area.
On behalf of the Board of Directors,
Jim Voisin, President & CEO
First Mexican Gold Corp.
We seek safe harbour.
Contacts: First Mexican Gold Corp. Jim Voisin President &
CEO 604 681 7265 www.fmgoldcorp.com
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