First Mexican Shares for Debt

About this update from Qcx Gold Corp

[{"type":"text","content":"\n\n\nTSX-V Trading Symbol: FMG\n\n\nVANCOUVER, Sept. 19, 2013 /CNW/ - First Mexican Gold Corp. (the\n `Company` or `FMG`) (TSX-V: FMG, Frankfurt: 21M), further to the\n Company's news release of September 4, 2013, the Company is pleased to\n announce it has received TSX Venture Exchange approval for and closed\n its shares for debt of 1,100,000 shares to satisfy debt in the amount\n of $55,000.\n\n\nThe shares are subject to a hold period until January 17, 2014, except\n as permitted by applicable Canadian securities laws and the TSX Venture\n Exchange.\n\n\nJim Voisin, the Chief Executive Officer, President and a director of the\n Company, participated in the shares for debt by receiving, through his\n consulting company, 300,000 shares.  The participation by such officer\n and director is considered a \"related party transaction\" as defined\n under Multilateral Instrument 61-101 (\"MI 61-101\").  The transaction is\n exempt from the formal valuation and minority shareholder approval\n requirements under MI 61-101 as neither the fair market value of the\n shares issued to, nor the consideration paid by, the related party\n exceeded 25% of the Company's market capitalization.\n\n\nThe Company did not file a material change report more than 21 days\n before the expected closing of the shares for debt as the details of\n the shares for debt and the participation by the related party was not\n settled until shortly prior to closing and the Company wished to close\n the shares for debt on an expedited basis for sound business reasons.\n\n\nThe company has signed multiple confidentiality agreements with\n qualified well-financed potential joint venture partners and is\n currently touring these interested parties on the property in an effort\n to select the best option to advance the Guadalupe property to the next\n level of resource development. In addition the company is still\n pursuing all other options for advancement of the property.\n\n\nSome historical data\n\n\nKaren zone drill highlights to date (all near-surface intercepts, see\n news releases dated April 28, 2011, Feb. 27, 2012, and Oct. 15, 2012)\n and Diana zone drill highlights to date (all near-surface intervals,\n see news release on March 10, 2011):\n\n\n\n\n\nZone\n\n\nDrill Hole\n\n\nLength(m)\n\n\nAu(g/t)\n\n\nAg(g/t)\n\n\nCu(%)\n\n\nAg Eq.g/t\n\n\nKAR...

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