First Mexican Completes Acquisition of Guadalupe Property

First Mexican Gold Corp. (TSXV:FMG) announced its purchase of the remaining 20% of the Mexico-based Guadalupe property.

As quoted in the press release:

The conditions of sale are the issuance of 4 million shares and a 2% NSR to International Millennium Mining Corp with 1% purchasable for US$1 million dollars. The 4 million shares will have a 9 month hold period and be subject to reasonable future trade restrictions as outlined in the agreement to purchase.

First Mexican’s President and CEO, Jim Voisin said:

The company plans numerous sampling, drilling and IP survey data work programs for 2012 and is very pleased with these discovered zones so early in our exploration program.

Click here for the First Mexican Gold Corp. (TSXV:FMG) press release.