Mexican Gold Mining Corp. announced a non-brokered private placement of 7,500,000 units at a price of CAD 0.02 per unit for gross proceeds of CAD 150,000 on July 29, 2022. Each unit consists of one common share and one common share purchase warrant.

Each warrant can be exercised to acquire one common share at a price of CAD 0.05 per share for a period of five years from the date of closing. The transaction is subject to approval from TSX Venture Exchange. The transaction is expected to close by the end of August 2022.

The securities are subject to four months and one day hold period.