MX Gold Corp. announced a private placement for 10,000,000 units at a price of CAD 0.05 per unit for gross proceeds of up to CAD 500,000 on September 21, 2022. Each unit will consist of one common share and one share purchase warrant with each warrant entitling the holder to purchase one additional common share at a price of CAD 0.05 per share for a period of two years from closing of the transaction.

All securities issued in the transaction will be subject to a statutory hold period expiring four months and one day after closing of the transaction. Completion of the transaction is subject to a number of conditions, including, without limitation, receipt of all regulatory approvals, including approval of the NEX Exchange. The transaction may include participation from existing shareholder.

Finder's fees may be payable in connection with the offering.