Mexican Gold Corp. Closes Non-Brokered Private Placement

http://www.mexicangold.ca/_resources/news/2017-05-25.pdf

MEXICAN GOLD CORP. (“Mexican Gold” or the “Company”) (TSX-V: MEX) is pleased to announce that it has closed its previously announced non-brokered private placement (the “Private Placement”) consisting of 5,990,270 units of the Company (the “Units”) at a price of $0.30 per Unit for gross proceeds of $1,797,081. Each Unit consisted of one common share of the Company (a “Common Share”) and one transferable common share purchase warrant (a “Warrant”). Each Warrant entitles the holder to purchase one Common Share at a price of $0.45 per Common Share until May 25, 2019. The net proceeds from the Private Placement will be used to continue exploration on the Company’s Las Minas Project located in the State of Veracruz, Mexico, and for property payments and general working capital purposes.

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