First Mexican Gold Corp. Private Placement Oversubscribed
September 12 2011 - 6:16PM
Marketwired
First Mexican Gold Corp. (TSX VENTURE: FMG) is pleased to announce
its private placement announced September 1, 2011 of 1,000,000
units has been over-subscribed and the Company has increase the
private placement to 1,290,500 units which were priced at $0.24 per
unit with a $0.30 half warrant exercisable for two years for total
proceeds of $309,720. 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.
Website: www.fmgoldcorp.com
We seek safe harbour.
Contacts: First Mexican Gold Corp. Jim Voisin President &
CEO 604 681 7265 www.fmgoldcorp.com
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