Mexican Gold Signs Definitive Agreement to Acquire Tatatila Project in Mexico
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. (OTCQB: MEXGF) ha stipulato un accordo definitivo per acquisire il Progetto Tatatita nella stato di Veracruz, Messico. L'acquisizione comprende 3.824,3585 ettari di titoli minerari che circondano il progetto Las Minas attuale dell'azienda.
Come contropartita, Mexican Gold emetterà 4.451.361 azioni ordinarie a 0,05 USD per azione (valore totale: 222.568 USD), pari al 14,99% delle azioni in circolazione dell'azienda. Inoltre, la società concederà una royalty netta sui rendimenti definitivi della fusione (net smelter returns) dell'1,5% a Chesapeake Mexico, con un'opzione di riacquisto dello 0,5% per 500.000 USD entro 10 anni.
Le azioni emesse saranno soggette a un periodo di blocco di quattro mesi e a un periodo di Lock Up progressivo, con il 25% rilasciato ogni sei mesi nell'arco di 2,5 anni. La transazione richiede l'approvazione della TSX Venture Exchange.
Mexican Gold Mining Corp. (OTCQB: MEXGF) ha firmado un acuerdo definitivo para adquirir el Proyecto Tatatila en el estado de Veracruz, México. La adquisición abarca 3.824,3585 hectáreas de títulos mineros que rodean el proyecto Las Minas existente de la empresa.
Como contraprestación, Mexican Gold emitirá 4.451.361 acciones ordinarias a 0,05 USD por acción (valor total: 222.568 USD), representando el 14,99% de las acciones en circulación. Además, la compañía otorgará una regalía neta de retornos metalúrgicos del 1,5% a Chesapeake Mexico, con una opción de recomprar el 0,5% por US$500,000 dentro de 10 años.
Las acciones emitidas estarán sujetas a un periodo de bloqueo de cuatro meses y a un periodo de Lock Up progresivo, con un 25% liberado cada seis meses durante 2,5 años. La operación requiere la aprobación de la TSX Venture Exchange.
Mexican Gold Mining Corp. (OTCQB: MEXGF)는 멕시코 버지러스주 Tatatita 프로젝트를 인수하기 위한 확정 계약을 체결했습니다. 인수에는 Las Minas 프로젝트를 둘러싼 3,824.3585 헥타르의 광물권이 포함됩니다.
대가로 Mexican Gold는 주당 0.05 USD에 4,451,361주를 발행하며 총가치는 222,568 USD로, 회사의 발행주식의 14.99%에 해당합니다. 또한 회사는 Chesapeake Mexico에 1.5%의 순광석수익 로열티를 부여하고, 10년 이내에 0.5%를 50만 USD로 되살 수 있는 옵션을 제공합니다.
발행되는 주식은 4개월의 법정 보유 기간과 점진적 Lock Up 기간의 대상이 되며, 2.5년 동안 매 6개월마다 25%가 해제됩니다. 거래는 TSX Venture Exchange의 승인을 필요로 합니다.
Mexican Gold Mining Corp. (OTCQB : MEXGF) a conclu un accord définitif pour acquérir le projet Tatatita dans l’État de Veracruz, au Mexique. L’acquisition couvre 3 824,3585 hectares de titres miniers entourant le projet Las Minas existant de l’entreprise.
En contrepartie, Mexican Gold émettra 4 451 361 actions ordinaires à 0,05 USD par action (valeur totale : 222 568 USD), soit 14,99% des actions en circulation. De plus, la société accordera une redevance nette sur les extractions (net smelter returns) de 1,5% à Chesapeake Mexico, avec une option de rachat de 0,5% pour 500 000 USD au cours des 10 prochaines années.
Les actions émises seront soumises à une période de blocage de quatre mois et à une période de Lock Up progressive, avec 25% libérés tous les six mois sur 2,5 ans. La transaction nécessite l’approbation de la TSX Venture Exchange.
Mexican Gold Mining Corp. (OTCQB: MEXGF) hat eine endgültige Vereinbarung zum Erwerb des Tatatita-Projekts im Bundesstaat Veracruz, Mexiko, unterzeichnet. Der Erwerb umfasst 3.824,3585 Hektar Mineralrechte, die das bestehende Las Minas-Projekt des Unternehmens umgeben.
Als Gegenleistung wird Mexican Gold 4.451.361 Stammaktien zum Preis von 0,05 USD pro Aktie ausgeben (Gesamtwert: 222.568 USD), was 14,99% der ausstehenden Aktien des Unternehmens entspricht. Zusätzlich gewährt das Unternehmen Chesapeake Mexico eine Nettenschmelzberichtsroyalität (net smelter returns) von 1,5% mit der Option, innerhalb von 10 Jahren 0,5% für 500.000 USD zurückzukaufen.
Die ausgegebenen Aktien unterliegen einer viermonatigen gesetzliche Sperrfrist und einer gestaffelten Lock-Up-Periode, wobei alle sechs Monate 25% freigegeben werden über 2,5 Jahre. Die Transaktion bedarf der Zustimmung der TSX Venture Exchange.
Mexican Gold Mining Corp. (OTCQB: MEXGF) وقعت اتفاقية نهائية لشراء مشروع Tatatita في ولاية فريدريغز؟ Veracruz، المكسيك.يشمل الاستحواذ 3,824.3585 هكتارًا من أراضي التراخيص المعدنية المحيطة بالمشروع Las Minas الحالي للشركة.
كثمن مقابل، ستصدر Mexican Gold 4,451,361 سهماً عاديًا بسعر 0.05 دولار أمريكي للسهم (إجمالي القيمة: 222,568 دولارًا)، ما يمثل 14.99% من الأسهم القائمة في الشركة. كما ستمنح الشركة عائدة صافية من المصاهر (net smelter returns) بنسبة 1.5% إلى Chesapeake Mexico، مع خيار شراء 0.5% مقابل 500,000 دولار أمريكي خلال 10 سنوات.
ستخضع الأسهم المُصدَرة لفترة حظر قانونية مدتها أربعة أشهر ولفترة Lock Up تدريجية، مع إطلاق 25% كل ستة أشهر على مدى 2.5 سنوات. الصفقة تتطلب موافقة TSX Venture Exchange.
Mexican Gold Mining Corp.（OTCQB：MEXGF） 已签署最终协议，在墨西哥韦拉克鲁斯州收购 Tatatita 项目。此次收购包括环绕公司现有 Las Minas 项目的 3,824.3585 公顷矿权。
作为对价，Mexican Gold 将发行 4,451,361 股普通股，发行价为每股 0.05 美元（总价值：222,568 美元），约占公司已发行股份的 14.99%。此外，公司将向 Chesapeake Mexico 授予 1.5% 的净炉料回收特许权（net smelter returns），并在未来 10 年内有权以 50 万美元回购 0.5%的权利。
所发行的股票将受四个月的法定锁定期及逐步解锁期约束，解锁期为每六个月释放 25%，共计 2.5 年。该交易需获得 TSX Venture Exchange 的批准。
- None.
- 14.99% shareholder dilution through share issuance
- 1.5% net smelter returns royalty obligation
- Extended 2.5-year lock-up period for consideration shares
Vancouver, British Columbia--(Newsfile Corp. - October 1, 2025) - Mexican Gold Mining Corp. (TSXV: MEX) (OTCQB: MEXGF) (the "Company" or "Mexican Gold") is pleased to announce that the Company and its subsidiary, Roca Verde Exploración de México, S.A. de C.V. ("Roca Verde"), have entered into a mining concessions assignment agreement (the "Assignment Agreement") with Chesapeake Gold Corp. ("Chesapeake") and its subsidiaries Minerales El Prado, S.A. de C.V. ("MEP") and Chesapeake México, S.A. de C.V. ("Chesapeake Mexico"). Pursuant to the Assignment Agreement, the Company shall acquire
Figure 1: Tatatila Mining Concessions (shaded in blue)
To view an enhanced version of this graphic, please visit:
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The Tatatila concessions surround Mexican Gold's Las Minas Project. Several skarn prospects, including possible extensions of the Las Minas existing resource, have been discovered on the Tatatila Project by Chesapeake.
In exchange for the Interest, the Company shall issue Chesapeake an aggregate of 4,451,361 common shares of the Company (the “Consideration Shares”), each issued at a deemed value of
All Consideration Shares will be subject to a statutory hold period of four months from the date of issuance in accordance with applicable Canadian securities legislation. In addition, the Consideration Shares will be subject to further lock up restrictions (the "Lock Up") such that on the one (1) year anniversary of the date of issuance and every six (6) months thereafter,
Completion of the transaction is subject to acceptance by the TSX Venture Exchange, as well as customary closing conditions for a transaction of this kind.
About Mexican Gold Mining Corp.
Mexican Gold is a Canadian-based mineral exploration and development company committed to building long-term value through ongoing discoveries and strategic acquisitions of prospective precious metals and copper projects in the Americas. Mexican Gold is exploring and advancing the Las Minas Project, which is located in the core of the Las Minas mining district in Veracruz State, Mexico, and host to one of the newest, under-explored skarn systems known in Mexico.
For more information, please contact:
Jack Campbell - CEO, President, and Director
E-mail: info@mexicangold.ca
Website: www.mexicangold.ca
Neither 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.
Cautionary Statements Regarding Forward-Looking Information
This news release contains certain "forward-looking information" and "forward-looking statements" (collectively "forward-looking statements") within the meaning of applicable securities legislation. All statements, other than statements of historical fact, included herein, without limitation, statements relating to future operating or financial performance of the Company, are forward-looking statements. Forward-looking statements are frequently, but not always, identified by words such as "expects", "anticipates", "believes", "intends", "estimates", "potential", "possible", and similar expressions, or statements that events, conditions, or results "will", "may", "could", or "should" occur or be achieved. Forward-looking statements in this news release relate to, among other things, the acquisition of the mineral concessions comprising the Tatatila Project in Mexico, issuance of Consideration Shares, Chesapeake becoming an Insider of the Company, and the receipt of all necessary approvals in connection therewith. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements reflect the beliefs, opinions and projections on the date the statements are made and are based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social uncertainties and contingencies. Many factors, both known and unknown, could cause actual results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements and the parties have made assumptions and estimates based on or related to many of these factors. Such factors include, without limitation, the inability of the Company to obtain the requisite approvals from the TSX Venture Exchange. Readers should not place undue reliance on the forward-looking statements and information contained in this news release concerning these items. The Company does not assume any obligation to update the forward-looking statements should beliefs, opinions, projections, or other factors change, except as required by applicable securities laws.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/268617
FAQ
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