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Off-market insider buying at Mexican Gold (V:MEX)

Updated Thursday Apr 12, 2018 03:07 AM EDT

Palisade Global Investments Ltd., a 10% Holder, acquired 800,000 Common Shares on a direct ownership basis at a price of $0.300 through a prospectus or prospectus exempt offering on April 10th, 2018. The insider also acquired 800,000 Warrants with an exercise price of $0.600 for 36 months. This represents a $240,000 investment into the company's shares and an account share holdings change of 11.3%.

In addition, John Anderson, a Director, acquired 100,000 Common Shares and 100,000 Warrants on a direct ownership basis. This represents a $30,000 investment into the company's shares and an account share holdings change of greater than 100%.

Mexican Gold is in the Integrated Mining Sub Industry Group under the Basic Materials Sector.

Mexican Gold Corp, formerly Source Exploration Corp, is a Canada-based mineral exploration company. The Company is engaged in the discovery, acquisition and advancement of mineral properties. Mexican Gold Corp holds an option on the Las Minas gold, silver and copper exploration project. The La Minas gold, silver and copper exploration project is comprised of over five mineral concessions covering approximately 1,000 hectares in the Las Minas mining district in the State of Veracruz, Mexico. The district hosts underexplored skarn systems in Mexico and has a production history that dates back to the Aztec era. The project is located near a hydro-electric power plant and water is readily available. The Company's subsidiary is Roca Verde Exploracion de Mexico SA de CV.

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Go to Mexican Gold Corp. (MEX)'s company page

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