MX Gold Corp. Announces Private Placement

https://globenewswire.com/news-release/2017/01/06/904164/0/en/MX-Gold-Corp-Announces-Private-Placement.html

VANCOUVER, British Columbia, Jan. 06, 2017 (GLOBE NEWSWIRE) — MX Gold Corp. (TSX-V:MXL) (FSE:ODV) (OTCQX:MXLGF) (the “Company” or “MX Gold”) is pleased to announce it intends to undertake a private placement financing of up to 20,800,000 units (each, a “Unit”) at a price of $0.125 per Unit for gross proceeds of up to $2,600,000. Each Unit will consist of one common share in the capital of the Company (each, a “Share”) and one non-transferable common share purchase warrant (each, a “Warrant”), with each Warrant entitling the holder to purchase one Share (each, a “Warrant Share”) at a price of $0.20 per Warrant Share for a period of three years from closing of the financing.

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