First Mexican Gold Corp. Announces Consolidation and Private Placement of Common Shares

first mexican gold announces consolidation and private placement of common shares

Toronto, Ontario, August 27, 2019 – First Mexican Gold Corp (the “Company”) (TSX Venture: FMG) announces that it intends to consolidate its common shares (“Common Shares”) on a ten (10) for one (1) basis (the “Consolidation”). The Consolidation will reduce the number of outstanding Common Shares from 81,844,360 to approximately 8,184,436. No fractional Common Shares will be issued pursuant to the Consolidation and any fractional Common Shares that would otherwise be issued shall be rounded down to the nearest whole number. The change in the number of issued and outstanding Common Shares that will result from the Consolidation will not materially affect any shareholders percentage ownership in the Company, although such ownership will be represented by a smaller number of Common Shares.

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