Mexican Gold Completes CAD $160,000 Private Placement to Boost Las Minas Project

Mexican Gold Corp ( (TSE:MEX) ) has shared an announcement.

Mexican Gold Mining Corp. has successfully closed a non-brokered private placement, raising CAD $160,000 through the issuance of 4,000,000 units at $0.04 per unit. The proceeds will primarily support the Las Minas project, cover claim fee payments, and fund general operations, with a small portion allocated to listing fees. The company adheres to the TSXV’s Minimum Price Exception, ensuring limited proceeds are used for non-arm’s length transactions and investor relations.

More about Mexican Gold Corp

Mexican Gold Mining Corp. is a Canadian-based mineral exploration and development company focused on building long-term value through discoveries and strategic acquisitions of precious metals and copper projects in the Americas. The company is actively exploring and advancing the Las Minas Project in Veracruz State, Mexico, known for its under-explored skarn systems.

YTD Price Performance: 50.0%

Average Trading Volume: 40,671

Technical Sentiment Consensus Rating: Buy

Current Market Cap: C$1.27M

For an in-depth examination of MEX stock, go to TipRanks’ Stock Analysis page.