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First Mexican Gold Completes Acquisition of Golden Giant Project
Toronto, Ontario--(Newsfile Corp. - May 8, 2020) - First Mexican Gold Corp. (TSXV: FMG) (OT...
About this update from Qcx Gold Corp
[{"type":"text","content":"First Mexican Gold Completes Acquisition of Golden Giant ProjectToronto, Ontario--(Newsfile Corp. - May 8, 2020) - First Mexican Gold Corp. (TSXV: FMG) (OTC: FMGXF) (FSE: 21MA) (\"FMG\" or the \"Company\") is pleased to announce that further to its press release of April 28, 2020, the Company has received approval from the TSX Venture Exchange (\"TSXV\") and has completed the acquisition (the \"Acquisition\") of a 100% interest in the Golden Giant project (the \"Golden Giant Project\"), located in the James Bay lowlands area of the northwestern region in the Province of Quebec.The Acquisition was carried out in accordance with the terms of a share purchase agreement (the \"Share Purchase Agreement\") dated April 28, 2020, between 2678581 Ontario Inc. (\"OntCo\") and the sole shareholder of OntCo (the \"Vendor\"), pursuant to which FMG acquired all of the issued and outstanding common shares of OntCo, which holds a 100% interest in the Golden Giant Project. As consideration for the Acquisition, FMG paid the sum of $75,000 to the Vendor and issued an aggregate of 3,000,000 common shares in the capital of the Company to the Vendor. The Acquisition was an arm's length transaction in accordance with the policies of the TSXV. The Company did not pay any finder's fees in connection with the Acquisition. For further information please contact:Albert ContardiInterim Chief Executive [email protected] 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.Forward-looking statements:This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program, the expected positive exploration results, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words \"w...