VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/06/12 -- First Mexican Gold Corp. (TSXV:FMG) is pleased to announce its private placement announced November 28, 2011 of 2.5 million units has been over-subscribed and the Company has increase the private placement to 2,866,666 units which were priced at $0.12 per unit with a $0.15 half warrant exercisable for two years for total proceeds of $344,000. The Company intends to use the proceeds from the private placement in support of its preparation for its upcoming closely spaced drill program on the Diana zone, property payments, and joint venture payments, as well as general corporate expenses. No finders' fees are applicable.
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. (TSXV:IMI). 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.
We seek safe harbour.
First Mexican Gold Corp.
President & CEO
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