Palisades Goldcorp Takes a 36.6% Ownership Position IN Mexican GOLD
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Vancouver, BC TSX-V: MEX
For Immediate Release January 16, 2020
PALISADES GOLDCORP TAKES A 36.6% OWNERSHIP POSITION IN MEXICAN GOLD
Mexican Gold Corp. (the “Company” or “Mexican Gold") (TSXV: MEX) is pleased to announce
that Palisades Goldcorp Ltd., a private Vancouver Company, (“Palisades”) has acquired, by way
of private agreements, an aggregate of 18,278,488 common shares of the Company and
warrants to purchase a further 11,875,000 shares in consideration of an aggregate of 4,916,600
common shares of Palisades. The acquisition of shares results in Palisades owning an
aggregate of 37,821,388 common shares representing 36.6% of the outstanding shares of the
Company and 13,375,000 warrants. Exercise of all warrants held by Palisades would increase
its holdings to 51,196,388 shares, or 43.9 % of the Company’s outstanding shares. The
Company understands that Palisades acquired the securities pursuant to exemptions from
applicable Canadian take-over bid legislation for investment purposes and that Palisades may
acquire or dispose of additional securities of the Company in the future through the market,
privately, or otherwise, as circumstances or market conditions warrant.
Collin Kettell, Founder and Executive Chairman of Palisades Goldcorp stated: “Palisades was
founded with the goal to take significant positions in undervalued companies and assets. It is
with great pleasure that we announce Mexican Gold as a core holding in our portfolio. Our team
believes that Mexican Gold provides an incredible opportunity to capitalize on what we believe
to be an impending bull market in junior resources. We look forward to working closely with
management in formalizing future plans for Mexican Gold.”
Philip O’Neill, CEO and Director of Mexican Gold stated, “I have spent the last few months
exploring and advancing the Las Minas Project in Mexico while also working closely with Collin
Kettell and Christina McCarthy to form Palisades Goldcorp. As the CEO of Mexican Gold, I am
excited to have Palisades become a cornerstone investor behind the Company. Palisades is
well financed and well backed with a vision towards becoming the leading brand in mining. I
believe Mexican Gold’s shareholders will benefit greatly in being a part of that vision.”
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About Mexican Gold Corp.
Mexican Gold Corp. 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 the
Las Minas Project, which is located in the core of the Las Minas mining district in Veracruz
State, Mexico, and is host to one of the newest, under-explored skarn systems known in Mexico.
For more information, please contact:
Philip O’Neill – CEO, President, and Director
E-mail: [email protected]
Website: www.mexicangold.ca
About Palisades Goldcorp Ltd.
Palisades Goldcorp is Canada’s largest resource focused merchant bank, planning to make its
public debut on the TSX Venture Exchange in 2020. Led by Founder & Executive Chairman
Collin Kettell, Palisades’ management team has a demonstrated track record of making money
and is backed by many of the industry’s most notable financiers. With junior resource equities
valued at generational lows, management believes the sector is on the cusp of a major bull
market move. Palisades is positioning itself with significant stakes in undervalued companies
and assets with the goal of generating superior returns. Palisades was created by shareholders,
for shareholders.
For more information, please contact:
Collin Kettell – Founder & Executive Chairman
E-mail: [email protected]
Website: www.palisades.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.
All statements in this press release, other than statements of historical fact, are "forward-looking
information" with respect to Mexican Gold within the meaning of applicable securities laws, and
with respect to the Mexican Gold and Palisades. Mexican Gold provides forward -looking
statements for the purpose of conveying information about curr ent expectations and plans
relating to the future and readers are cautioned that such statements may not be appropriate for
other purposes. By its nature, this information is subject to inherent risks and uncertainties that
may be general or specific and which give rise to the possibility that expectations, forecasts,
predictions, projections or conclusions will not prove to be accurate, that assumptions may not
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be correct and that objectives, strategic goals and priorities will not be achieved. These risks
and uncertainties include but are not limited market conditions, exploration findings, results and
recommendations, as well as those risks and uncertainties identified and reported in Mexican
Gold’s public filings under Mexican Gold’s SEDAR profile at www.sedar.com. Although Mexican
Gold has attempted to identify important factors that could cause actual actions, events or
results to differ materially from those described in forward -looking information, there may be
other factors that cause actions, events or results not to be as anticipated, estimated or
intended. There can be no assurance that such information will prove to be accurate as actual
results and future events could differ materially from those anticipated in such stat ements.
Mexican Gold disclaims any intention or obligation to update or revise any forward -looking
information, whether as a result of new information, future events or otherwise unless required
by law.