First Mexican Gold Corp.: Private Placement

04.03.2011  |  Marketwired

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

VANCOUVER, BRITISH COLUMBIA -- (Marketwire - March 4, 2011) - First Mexican Gold Corp. (TSX VENTURE: FMG) announces that it has agreed to complete a non-brokered private placement to raise proceeds of up to $300,000 through the sale of 666,667 units, at $0.45 per unit. Each unit is comprised of one common share and one-half of one transferable share purchase warrant, each whole warrant being exercisable at a price of $0.55 per share for a period of two years. The financing is subject to regulatory approval.

The proceeds of the private placement will be used for exploration on the Company's Guadalupe Property.


ON BEHALF OF THE BOARD OF DIRECTORS OF FIRST MEXICAN GOLD CORP.

Jim Voisin
President/CEO



Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.



Contact Information

First Mexican Gold Corp.
Jim Voisin
President & CEO
519-699-5352
www.fmgoldcorp.com