Mexican GOLD Announces Closing of Private Placement
Vancouver, BC TSX-V: MEX
For Immediate Release August 25, 2022
// THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES //
MEXICAN GOLD ANNOUNCES CLOSING OF PRIVATE PLACEMENT
Mexican Gold Mining Corp. (the “Company” or “Mexican Gold") (TSXV: MEX, OTCQB: MEXGF)
announces that it further to its news releases of July 29, 2022, and August 16, 2022, it is closing its
non-brokered private placement offering with the issuance of a total of 10,000,000 units (the “Units”)
of the Company at a price of $0.015 per Unit for proceeds of $150,000 (the “Offering”).
Each Unit consists of one (1) common share (“Share”) in the capital of the Company and one (1)
Share purchase warrant (“Warrant”), whereby each Warrant is convertible into an additional Share
at an exercise price of $0.05 until August 29, 2027, a period of 60 months from the date of issuance.
The proceeds raised from the Offering will be used to fund continuing operations of the Company’s
Las Minas Project, payment of outstanding invoices, and for general working capital. The Company
has not allocated any of the funds for payment to be made to non -arm’s length parties of the
Company or to persons conducting Investor Relations Activities (as such term is defined in the
policies of the TSX Venture Exchange). Further, Mexican Gold has no specific use representing 10%
or more of the proceeds of th e Offering. No finder’s fees or commissions are applicable to this
Offering.
All securities issued in connection with the Offering are subject to a statutory four-month hold period
that expires December 30, 2022. Completion of the Offering is subject to receipt of applicable
regulatory approvals, including final acceptance by the TSX Venture Exchange.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the
securities in the United States. The securities offered have not been and will not be registered under
the United States Securities Act of 1933 , as amended (the " U.S. Securities Act ") or any state
securities laws and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons unless registered under the U.S. Securities Act and applicable state
securities laws, unless an exemption from such registration is available.
About Mexican Gold Mining Corp.
Mexican Gold is a Canadian -based mineral exploration and development company committed to
building long -term value through ongoing discoveries and strategic acquisitions of prospective
precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing the
Las Minas Project, which is located in the core of the Las Minas mining district in Veracruz State,
Mexico, and host to one of the newest, under-explored skarn systems known in Mexico.
For more information, please contact:
Jack Campbell – CEO, President, and Director
E-mail: [email protected]
Website: www.mexicangold.ca
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Statements Regarding Forward Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively
"forward-looking statements") within the meaning of applicable securities legislation. All statements, other than
statements of historical fact, included herein, without limitation, statements relating the future operating or
financial performance of the Company, are forward -looking statements. Forward -looking statements are
frequently, but not always, identified by words such as "expects", "antic ipates", "believes", "intends",
"estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results
"will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate
to, among other things, closing of the Offering, receipt of all necessary approvals in connection therewith, and
use of proceeds of the Offering. Actual future results may differ materially. 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. Forward-looking statements reflect the beliefs, opinions and projections
on the date the statements are made and are based upon a number of assumptions and estimates that, while
considered reasonable by the Company, are inherently subject to significant business, economic, competitive,
political and social uncertainties and contingencies. Many factors, both known and unknown, could cause
actual results, performance or achievements to be materially different from the results, performance or
achievements that are or may be expressed or implied by such forward -looking statements and the parties
have made assumptions and estimates based on or related to many of these factors. Such factors include,
without limitation, the TSX Venture Exchange not approving the Offering and management's discretion to
reallocate the use of proceeds. Readers should not place undue reliance on the forward -looking statements
and information contained in this news release concerning these items. The Company does not assume any
obligation to update the forward -looking statements of beliefs, opinions, projections, or other factors, should
they change, except as required by applicable securities laws.