TSXV-listed First Mexican Jumps 75% As Enters into US$10 Mln Credit Facility Agreement

First Mexican Gold Corp.

NEW: now 100% interest in the Guadalupe Property in Sonora, Mexico (Jan. 2012) / Best intercept: 37.8 metres of 6.51 g/t Au, 678 g/t Ag

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TSXV-listed First Mexican Jumps 75% As Enters into US$10 Mln Credit Facility Agreement

posted on Apr 23, 2018 04:24PM

2018-04-23 02:44:39 PM ET (MT Newswires)

02:44 PM EDT, 04/23/2018 (MT Newswires) -- First Mexican Gold Corp. (FMG.V) has jumped 75% Mondayafternoon on news it has entered into an arrangement with Isatis Capital Group of Montreal to secure a credit facility loan for up to US$10 million. According to a statement, funds will be used to bring the Karen Zone into operational mineral extraction, as well as general working capital. Permitting consisting of land use change and environmental impact study (MIA) will begin immediately upon receipt of funds, it said.