Mexican Gold Announces Non-Brokered Private Placement

Core Points - Mexican Gold Mining Corp. is conducting a non-brokered private placement offering of up to 4,000,000 units at a price of $0.04 per unit, aiming to raise gross proceeds of up to CAD $160,000 [1][2] - Each unit consists of one common share and one transferable share purchase warrant, with the warrant convertible into an additional share at an exercise price of $0.06 for three years [1] - The proceeds will be allocated as follows: approximately 16% for claim fee payments, 14% for annual OTCQB listing fees, and the remainder for the Las Minas project, outstanding invoices, and general working capital [2] Regulatory and Compliance - All securities issued will be subject to a hold period of four months and one day from the closing date, pending necessary regulatory approvals [3] - The offering is subject to acceptance by the TSX Venture Exchange, with an anticipated closing date of February 21, 2025 [3] Company Overview - Mexican Gold is a Canadian mineral exploration and development company focused on creating long-term value through discoveries and strategic acquisitions in precious metals and copper projects in the Americas [5] - The company is advancing the Las Minas Project, located in Veracruz State, Mexico, known for its under-explored skarn systems [5]