First Mexican to Issue a Financing
September 01 2011 - 11:28AM
Marketwired
First Mexican Gold Corp. (TSX VENTURE: FMG) -
First Mexican Gold Corp. (TSX VENTURE: FMG), on a best efforts
basis, is arranging a non-brokered private placement of up to
$240,000 through the sale of one million units at 24 cents per
unit. Each unit consists of one common share and one-half of one
non-transferable share purchase warrant, with each whole warrant
being exercisable at a price of 30 cents per share, for a period of
two years. The financing is subject to regulatory approval.
Proceeds from the private placement will fund the immediate
continuation of the current drill program and the acceleration of
the current exploration field work. The Company is preparing for
the next phase of IP geophysics and more drilling that is planned
for later this year.
For qualified investors who are interested in participating,
please call Jim Voisin at 519-699-5352.
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
We seek safe harbour.
This news release includes certain forward-looking statements or
information. All statements other than statements of historical
fact included in this release, including, without limitation,
statements relating to the potential mineralization and geological
merits of the Guadalupe property and other future plans, objectives
or expectations of the Company are forward-looking statements that
involve various risks and uncertainties. There can be no assurance
that such statements will prove to be accurate and actual results
and future events could differ materially from those anticipated in
such statements. Important factors that could cause actual results
to differ materially from the Company's plans or expectations
include risks relating to the actual results of current exploration
activities, fluctuating gold prices, possibility of equipment
breakdowns and delays, exploration cost overruns, availability of
capital and financing, general economic, market or business
conditions, regulatory changes, timeliness of government or
regulatory approvals and other risks detailed herein and from time
to time in the filings made by the Company with securities
regulators. The Company expressly disclaims any intention or
obligation to update or revise any forward-looking statements
whether as a result of new information, future events or otherwise
except as otherwise required by applicable securities
legislation.
Contacts: First Mexican Gold Corp. Jim Voisin President &
CEO 519-699-5352 www.fmgoldcorp.com
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