First Mexican Gold Corp. Closes Private Placement
July 20 2011 - 2:22PM
Marketwired
First Mexican Gold Corp. (TSX VENTURE: FMG) announces it has closed
a non-brokered private placement for a total of 2,950,000 units at
$0.24 per unit to raise gross proceeds of $708,000. This represents
950,000 more units than originally announced on June 22. Each unit
was comprised of one common share and one-half of a warrant. Each
full warrant entitles the holder thereof to purchase an additional
share at a price of $0.30 for two years from the date of closing,
to July 12, 2013. All of the shares, warrants and any shares issued
upon exercise of the warrants comprising the units, are subject to
resale restrictions expiring 4 months from date of issue on
November 12, 2011. The Company intends to use the proceeds from the
private placement in support of its planned 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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