Mexican GOLD Announces Non-Brokered Private Placement
Vancouver, BC TSX-V: MEX
For Immediate Release July 29, 2022
// THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES //
MEXICAN GOLD ANNOUNCES NON-BROKERED PRIVATE PLACEMENT
Mexican Gold Mining Corp. (the “Company” or “Mexican Gold") (TSXV: MEX, OTCQB: MEXGF) is
pleased to announce a non-brokered private placement offering of up to 7,500,000 units (the “Units”)
of the Company at $0.02 per Unit to raise gross proceeds of up to $150,000 (the “Offering”). Each
Unit shall consist of one (1) common share (“Share”) in the capital of the Company and one (1)
Share purchase warrant (“Warrant”), whereby each Warrant shall be convertible into an additional
Share at an exercise price of $0.05 for a period of 60 months from the date of issuance.
The net 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.
All securities issued in connection with the Offering will be subject to a hold period under applicable
Canadian securities laws expiring four months and one day from the date of closing of the Offering.
Subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture
Exchange, Mexican Gold anticipates that the Offering will be closed by the end of August 2022.
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 (t he " 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, the completion of the Offering and the 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 imp lied 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.