Mexican Gold Mining Corp. announced a non-brokered private placement of 7,500,000 units at a price of CAD 0.12 per unit for gross proceeds of up to CAD 900,000 on January 23, 2023. Each unit consists of one post consolidation common share and one post consolidation common share purchase warrant.

Each warrant can be exercised to acquire one common share at a price of CAD 0.15 for a period of 36 months from the date of closing. The company may pay finder's fees to arm's-length parties that have introduced the company to subscribers participating in the transaction. All securities issued in connection with the transaction will be subject to a hold period under applicable Canadian securities laws expiring four months and one day from the date of closing of the transaction.

The transaction is subject to receipt of all necessary regulatory approvals, including acceptance by the TSX Venture Exchange.