MX Gold Corp. (TSXV:MXL) announced that it has completed a non-brokered private placement of 29,193,333 units at an issue price of CAD 0.075 per unit for gross proceeds of CAD 2,189,500 on January 3, 2018. Each unit is comprised of one common share and one transferable common share purchase warrant. Each warrant will entitle the holder thereof to acquire one share at an exercise price of CAD 0.15 per warrant share until January 2, 2023. The shares are subject to a hold period of four months plus one day. The transaction is subject to TSX Venture Exchange approval. The company announced that TSX Venture Exchange has accepted for filing documentation with respect to the transaction. The transaction saw participation from 6 placees.