Mexican GOLD Announces Private Placement Repricing
Vancouver, BC TSX-V: MEX
For Immediate Release August 16, 2022
// THIS PRESS RELEASE IS NOT INTENDED FOR RELEASE OR DISSEMINATION IN THE UNITED STATES //
MEXICAN GOLD ANNOUNCES PRIVATE PLACEMENT REPRICING
Mexican Gold Mining Corp. (the “Company” or “Mexican Gold") (TSXV: MEX, OTCQB: MEXGF)
announces that it has reduced the per Unit price of the private placement offering announced July
29, 2022 (the “Offering”) and increased the number of Units offered.
The price per Unit of the Offering has been reduced from $0.02 per Unit to $0.015 per Unit. As it
remains the Company’s intention to raise $150,000, the number of Units offered has increased from
7,500,000 to 10,000,000 accordingly.
All other terms and conditions of the Offering remain unchanged with each Unit consisting of one (1)
common share in the capital of the Company (“Share”) and one (1) S hare purchase warrant
(“Warrant”), whereby each Warrant enabling the subscriber to purchase one additional Share for a
period of 60 months from the date of issuance at a price of $0.05 per Share.
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.
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 gross proceeds of the Offering.
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 (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, completion of the Offering, receipt of all necessary approvals thereto, 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 assumption s 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.