First Mexican Gold arranges $200,000 Private Placement

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[{"type":"text","content":"\n\n\n TSX-V Trading Symbol: FMG\n\n\nVANCOUVER, Aug. 19, 2013 /CNW/ - First Mexican Gold Corp. (the `Company`\n or `FMG`) (TSX-V: FMG, Frankfurt: 21M)\n\n\nFirst Mexican Gold Corp., on a best-efforts basis, proposes a\n non-brokered private placement of up to $200,000 through the sale of\n 5,714,286 million units at $0.035 per unit. Each unit consists of one\n common share and one non-transferable share purchase warrant, with each\n whole warrant being exercisable at a price of $0.10 per share for a\n period of two years. The financing is subject to regulatory approval.\n\n\nProceeds from the private placement will be dedicated to property\n payments as well as to fund multiple property tours as well as property\n taxes to maintain present property holdings.\n\n\nThe company has signed multiple Confidentiality Agreements with\n qualified well-funded potential joint venture partners and is currently\n touring these interested parties on the property in an effort to select\n the best option to advance the Guadalupe property to the next level of\n resource development. In addition the company is still pursuing all\n other options for advancement of the property.\n\n\nKaren zone drill highlights to date (for all near-surface intercepts,\n see news releases dated April 28, 2011, Feb. 27, 2012, and Oct. 15,\n 2012):\n\n\nDDH No. 1: 5.8 metres of 3.67 grams per tonne gold, 753 grams per tonne\n silver;\n\n\nDDH No. 2: 15.2 metres of 2.58 g/t Au, 47 g/t Ag;\n\n\nDDH No. 3: 37.8 metres of 6.51 g/t Au, 678 g/t Ag;\n\n\nRC hole No. 2: two metres of 1.48 g/t Au and 1,330 g/t Ag;\n\n\nRC hole No 3: 18 metres of 6.52 g/t Au and 61 g/t Ag;\n\n\nHDH 11-04: 15.2 metres of 1.57 g/t Au, 335 g/t Ag, 0.18 per cent copper\n plus 22.3 metres of 0.35 g/t Au, 200 g/t Ag and 1.21 per cent Cu;\n\n\nHDH 11-05: 33.4 metres of 4.27 g/t Au, 395 g/t Ag, 1.24 per cent Cu;\n\n\nHDH 11-06: 21.6 metres of 4.90 g/t Au, 104 g/t Ag, 0.73 per cent Cu;\n\n\nHDH 11-27: 9.7 metres of 6.22 g/t Au, 1,853 g/t Ag, 12.62 per cent Cu;\n\n\nHDH 11-29: 12.2 metres of 1.86 g/t Au, 70 g/t Ag, 0.14 per cent Cu;\n\n\nHDH 11-30: 24.4 metres of 0.34 g/t Au, 25.8 g/t Ag, 0.42 per cent Cu;\n\n\nHDH 11-32: 7.6 metres of 3.64 g/t Au;\n\n\nHDH 11-33: 10.9 metres of 2.70 g/t Au, 152 g/t Ag, 0.20 per cent Cu.\n\n\nDiana zone drill highlights to date (for all near-surface intervals, see...

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