Mexican Gold Announces Closing of Post-Consolidation Non-Brokered Private Placement
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VANCOUVER, British Columbia, March 15, 2023 (GLOBE NEWSWIRE) — Mexican Gold Mining Corp. (the “Company” or “Mexican Gold“) (TSXV: MEX, OTCQB:MEXGF) announces it has closed its previously announced post-Consolidation non-brokered private placement for aggregate gross proceeds of $899,999.76 through the issuance of 7,499,998 units (the “Units”) of the Company at a post-Consolidation price of $0.12 per Unit (the “Offering”). Each Unit consists of one (1) post-Consolidation common share (“Share”) in the capital of the Company and one (1) post-Consolidation Share purchase warrant (“Warrant”), whereby each Warrant shall be convertible into an additional Share at an exercise price of $0.15 for a period of 36 months from the date of issuance.