First Mexican Gold Corp. Announces Private Placement
23 June 2011 - 7:11AM
Marketwired
First Mexican Gold Corp. (TSX VENTURE: FMG) has arranged a
non-brokered private placement to raise proceeds of up to $480,000
through the sale of 2,000,000 units at 24 cents per unit. Each unit
is composed of one common share and one-half of one transferable
share purchase warrant, 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.
The proceeds of the private placement will be used for
exploration and general working capital.
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.
Contacts: First Mexican Gold Corp. Jim Voisin President &
CEO 604 681 7265 www.fmgoldcorp.com
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