Mexus Gold US to Raise Funds to Resume Trading [Yahoo! Finance]
MEXUS GOLD US (MXSG)
NASDAQ:AMEX Investor Relations:
mexusgoldus.com
Company Research
Source: Yahoo! Finance
raise $250,000 US, the estimated amount to pay for its currently outstanding but completed audits bringing Mexus back into compliance with the OTCQB exchange, paying for outstanding claim taxes, and general and administration purposes. The raise will be done by a private placement memorandum offering units in Mexus of one common share at $.005 per share US and a warrant for each share purchased, exercisable at $.015 per share of common stock for up to 24 months from issuance. There are no placement fees associated with the raise. The minimum subscription is $5,000. Mexus plans to engage a recognized US 3 rd party engineering firm to recommend and oversee QA/QC, along with a Certified lab in the Reno area, and report on the results of a to be planned 8 RC drill hole program with 100 meter depth holes resulting in an expected US SK-1300 SEC compliant inferred (or better) resource report in the area previously test mined by Mexus. Mexus President and CEO Paul Thompson added, "In the
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