Welcome to our dedicated page for Mexican Gold Mining news (Ticker: MEXGF), a resource for investors and traders seeking the latest updates and insights on Mexican Gold Mining stock.
Mexican Gold Mining Corp (MEXGF) is a mineral exploration company advancing its Las Minas project in Mexico, focused on discovering precious metals and copper deposits within skarn systems. This page provides investors and industry observers with direct access to all official news releases and verified updates from the company.
Track critical developments including exploration milestones, financial reporting, strategic partnerships, and operational progress. Our curated collection ensures you stay informed about resource estimates, drilling results, and corporate decisions impacting MEXGF's growth trajectory.
Key updates cover geological discoveries at Las Minas, management insights, and regulatory filings. Bookmark this page to monitor the company’s progress in developing one of Mexico’s under-explored mining districts through methodical exploration strategies.
Mexican Gold Mining Corp. (OTCQB: MEXGF) has entered into a definitive agreement to acquire the Tatatila Project in Veracruz State, Mexico. The acquisition encompasses 3,824.3585 hectares of mineral titles surrounding the company's existing Las Minas Project.
As consideration, Mexican Gold will issue 4,451,361 common shares at $0.05 per share (total value: $222,568), representing 14.99% of the company's outstanding shares. Additionally, the company will grant a 1.5% net smelter returns royalty to Chesapeake Mexico, with an option to buy back 0.5% for US$500,000 within 10 years.
The issued shares will be subject to a four-month statutory hold period and a phased Lock Up period, with 25% released every six months over 2.5 years. The transaction requires TSX Venture Exchange approval.
Mexican Gold Mining Corp (TSXV: MEX, OTCQB: MEXGF) has completed a non-brokered private placement, raising CAD $160,000 through the issuance of 4,000,000 units at $0.04 per unit. Each unit includes one common share and one transferable warrant, convertible into an additional share at $0.06 within three years.
The proceeds allocation includes:
- 16% for claim fee payments
- 14% for annual OTCQB listing fees
- Remaining funds for Las Minas project operations, outstanding invoices, and working capital
The securities have a four-month hold period ending June 25, 2025. No finder's fees were paid. The offering utilized TSXV's Minimum Price Exception, with restrictions on using proceeds for non-arm's length parties and investor relations activities.
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