Mexican Gold Corp. Announces Increase to Size of Non-Brokered Private Placement

http://www.mexicangold.ca/_resources/news/2017-05-18.pdf

MEXICAN GOLD CORP. (“Mexican Gold” or the “Company”) (TSX-V: MEX) is pleased to announce that its previously announced non-brokered private placement (the “Private Placement”) of up to 5,000,000 units of the Company (“Units”) at a price of $0.30 per Unit for gross proceeds of up to $1,500,000 has been oversubscribed and the Company will increase the size of the Private Placement by up to 1,000,000 Units for additional gross proceeds of up to $300,000. Each Unit will consist of one common share of the Company (a “Common Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.45 per Common Share for a period of twenty-four months from the closing date of the Private Placement.

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