FMX Ventures Inc.

March 31, 2011 16:05 ET

FMX Ventures Announces Proposed Private Placement

TORONTO, ONTARIO--(Marketwire - March 31, 2011) - FMX Ventures Inc. (the "Company")(TSX VENTURE:FXX.H) announced today that it plans to raise up to $200,000 in a proposed non-brokered private placement. The Company will offer up to 1,000,000 common shares at a price of $0.20 per share with the net proceeds to be used to satisfy existing accounts payable and for general working capital.

The private placement is subject to all necessary regulatory approvals, including the approval of the NEX Board of the TSX Venture Exchange. All securities issued under the private placement will be subject to a 4-month hold period.

Number of Common Shares Outstanding – 3,934,296

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contact Information