Business
First Mexican and Buenaventura Sign A Non-Binding Agreement for Guadalupe Property in Mexico
TSX-V Trading Symbol: FMG VANCOUVER, Feb. 1, 2013 /CNW/ - First Mexican Gold Corp. (t...
About this update from Qcx Gold Corp
[{"type":"text","content":"\n\n\n\n\n\nTSX-V Trading Symbol: FMG\n\n\nVANCOUVER, Feb. 1, 2013 /CNW/ - First Mexican Gold Corp. (the \"Company\"\n or \"FMG\") (TSX-V: FMG, Frankfurt: 21M) reports that the Company has\n closed and the TSX Venture Exchange (the \"TSXV\") has accepted the\n amendments to the $250,000 convertible loan agreement described in the\n Company's news release of January 21, 2013.\n\n\nThe convertible loan agreement, as amended, now provides that:\n\n\nThe convertible loan will automatically be convertible into 2,500,000\n (decreased from 2,777,778) common shares of FMG in the event a\n definitive agreement with Buenaventura is not concluded within the\n 60-day period ending March 26, 2013.  In the event a definitive\n agreement is concluded within the 60-day period, the convertible loan\n will be terminated and credited towards the first cash payment payable\n to FMG\n.\n\nThe conversion price has been increased to $0.10 from $0.09 per share.\n\nAny shares issued on conversion of the convertible loan, will be subject\n to a hold period expiring on June 1, 2013.\n\n\nThe Company is an active explorer for precious metals in Mexico and\n holds a 100% interest in the Guadalupe property package.  The Company\n holds extensive exploration rights in this area that is attracting\n attention from major mining companies.\n\n\nOn behalf of the Board of Directors,\n\n\nJim Voisin\nPresident & CEO\nFirst Mexican Gold Corp.\n519 699 5352\n\n\nWe seek safe harbour.\n\n\nNeither TSX Venture Exchange nor its Regulation Services Provider (as\n that term is defined in policies of the TSX Venture Exchange) accepts\n responsibility for the adequacy or accuracy of this release.\n\n\nThis news release includes certain forward-looking statements or\n information.  All statements other than statements of historical fact\n included in this release, including, without limitation, statements\n relating to the potential mineralization and geological merits of the\n Guadalupe property and other future plans, objectives or expectations\n of the Company are forward-looking statements that involve various\n risks and uncertainties.  There can be no assurance that such\n statements will prove to be accurate and actual results and future\n events could differ materially from those anticipated in such\n statements.  Important fact...