VANCOUVER, BRITISH COLUMBIA, Jun 22, 2011 (MARKETWIRE via COMTEX) — First Mexican Gold Corp. / has arranged a non-brokered private placement to raise proceeds of up to $480,000 through the sale of 2,000,000 units at 24 cents per unit. Each unit is composed of one common share and one-half of one transferable share purchase warrant, each whole warrant being exercisable at a price of 30 cents per share for a period of two years. The financing is subject to regulatory approval.
The proceeds of the private placement will be used for exploration and general working capital.
First Mexican Gold Corp. is an active explorer for precious metals in Mexico and holds an option to acquire 80% interest in the Guadalupe property package from (MIMSA) a wholly owned subsidiary of International Millennium Mining Corp /quotes/zigman/219353 CA:IMI 0.00% . The Company now controls a total of 15,112 hectares in this high potential exploration area.
On behalf of the Board of Directors,
Jim Voisin, President & CEO
First Mexican Gold Corp.
Contacts:
First Mexican Gold Corp.
Jim Voisin
President & CEO
604 681 7265www.fmgoldcorp.com
