MX Gold Corp. Continues to Earn Interest in Durango Smelter Project in Mexico
VANCOUVER, BRITISH COLUMBIA--(Marketwired - April 28, 2017) - MX Gold Corp. (TSX VENTURE:MXL)(FRANKFURT:0DV)(OTCQX:MXLGF) (the "Company" or "MX Gold") is pleased to announce that, further to its February 13, 2017 news release, the Company has paid an additional US$425,000 to American Metal Mining S.A. de C.V. as required under the option agreement dated February 6, 2017, as amended. To date, the Company has paid US$1,075,000 of the US$1,525,000 total amount required in order to acquire 50% of the shares of a private Mexican corporation that holds the IDS Project. As stated in the February 13th news release, the IDS Project consists of a past producing gold smelter, three acres of land situate around the smelter, and various equipment and permits associated therewith. Upon advancement of the initial payment, the Company was granted a 49.5% net profit participating interest in the IDS Project that will remain until option exercise, provided that all payments are made by the Company in accordance with the amended option agreement.