Mexican GOLD Announces Non-Brokered Private Placement
Vancouver, BC TSX-V: MEX
For Immediate Release January 24, 2025
// 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 4,000,000 units (the “Units”)
of the Company at a price of $0.04 per Unit to raise gross proceeds of up to CAD $160,000.00 (the
“Offering”). Each Unit shall consist of one (1) common share (“Share”) in the capital of the Company
and one (1) transferable share purchase warrant (“ Warrant”), whereby each Warrant shall be
convertible into an additional Share at an exercise price of $0.06 for a period of three (3) years from
the date of issuance.
Approximately 16% of the net proceeds raised from the Offering will be used to fund claim fee
payments, approximately 14% will be used to fund annual OTCQB listing fees, and the balance of
proceeds will be used to fund continuing operations of the Company’s Las Minas project, payment
of outstanding invoices, and for general working capital. As the Company is relying on the Minimum
Price Exception permitted by the TSXV, which allows for the issuance of Units at less than $0.05
per Unit, the Company confirms that no more than 10% of the proceeds will be used for payments
to non-arm’s length parties of the Company , nor will any of the proceeds be used to compensate
persons conducting investor relations activities.
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 February 21, 2025.
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", "anticipates", "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 on the
terms as anticipated by management, that the Company will receive all necessary approvals for the completion of
the Offering, including the approval of the TSX Venture Exchange and the intended use of proceeds from 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 b usiness, 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 partie s 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.