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First Mexican Gold (TSXV: FMG) Announces a non-brokered private placement

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The offering of up to 11.6 million units is priced at $0.03 per unit for gross proceeds of up to $350,000. Each unit consists of one share and one warrant, with each warrant exercisable at $0.05 in the first year, and at $0.10 in the second year. The company owns 100% of the mineral rights to the Guadalupe property in Sonora State, Mexico.

Additional Information:

Company: First Mexican Gold
Website: http://www.fmgoldcorp.com/
Stock Symbol: TSXV: FMG
Date Published: May 27, 2015
Transcript: Available

Video Transcript:

I’m Samantha Deutscher for Investmentpitch Media

First Mexican Gold, symbol FMG on the TSX Venture Exchange, (FSE:21M) announced a non-brokered private placement.

The offering of up to 11.6 million units is priced at $0.03 per unit for gross proceeds of up to $350,000.

Each unit consists of one share and one warrant, with each warrant exercisable at $0.05 in the first year, and at $0.10 in the second year.

The company owns 100% of the mineral rights to the Guadalupe property in Sonora State, Mexico.

Following encouraging results during the 2009 work program on the Karen Zone, the company went public in early 2011.

In October 2014, the company filed an updated 43-101 resource report based on drilling data carried out in the Karen zone of the Hilda 30 claim, which outlined approximately 225,000 gold equivalent ounces near surface, based on 1,067,000 tonnes of 6.566 grams per tonne gold equivalent.

Jim Voisin, President & CEO stated: "The project offers a unique high grade exploitable opportunity at what by most standards will be a low cost production profile, not a common occurrence."

The company plans to mine the Karen zone by bulldozer and excavator, and is currently entertaining Joint Venture partners to advance the property to early leach pad production.

The shares are trading at $0.025, and with 65.5 million shares outstanding, the company is capitalized at $1.6 million.

For more information on the company, please visit their website www.fmgoldcorp.com or contact Jim Voisin, President & CEO, at 519-699-5352 or email drift@golden.net.

I’m Samantha Deutscher for Investmentpitch Media
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