First Mexican Gold Corp. (TSXV:FMG) announced a private placement of 10,000,000 units at CAD 0.10 per unit for gross proceeds of CAD 1,000,000 on October 22, 2012. Each unit consists of one common share and one-half of one common share purchase warrant with each whole purchase warrant exercisable into a common share at a price of CAD 0.14 for a period of 24 months from closing. Euro Pacific Canada Inc will serve as placement agent to the company and will receive a cash commission of 8% of the gross proceeds and 8% broker warrants. Euro Pacific Canada Inc will complete the transaction on reasonable best efforts basis.

On January 4, 2013, First Mexican Gold Corp cancelled the transaction.