MX Gold Corp. Announces Private Placement

VANCOUVER, BRITISH COLUMBIA--(Marketwired - May 3, 2017) - MX Gold Corp. (the "Company") (TSX VENTURE:MXL)(OTCQX:MXLGF) is pleased to announce it intends to undertake a private placement financing of up to 15,000,000 units (each a "Unit") at a price of $0.13 per Unit for gross proceeds of up to $1,950,000. Each Unit will consist of one common share and one share purchase warrant (each, a "Warrant"), and each Warrant will entitle the holder to purchase one additional share at a price of $0.20 per share for a period of three years from closing of the financing.