At this time, the Company does not expect that there will be a change to its anticipated timing of filing the Annual Filings on or before July 15, 2020.
First Mexican Gold Corp. is pleased to announce that further to its press release of June 15, 2020, the Company has closed the second and final tranche of its previously announced non-brokered private placement by issuing, in the second tranche, an aggregate of 4,248,722 charity-flow through units of the Company at a price of $0.18 per Charity FT Unit for gross proceeds of $764,769.96.
The Company is continuing to work diligently and currently still expects to file the Q1 Filings on or prior to July 15, 2020.
Phase One of the program will total 6,000 meters of core drilling to test 20 targets, of which the initial 11 holes have been identified in the Drilling Plan. Of the remaining nine holes, seven have been tentatively identified in the Drilling Plan and two are reserved depending on the results of prior holes. This initial core drilling program is the first segment of the proposed 50,000 meters of core and rotary drilling contemplated in the Company’s May 26, 2020 news release.
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