Proactiveinvestors USA & Canada Canamex Gold Corp https://ca.proactiveinvestors.com Proactiveinvestors USA & Canada Canamex Gold Corp RSS feed en Thu, 23 May 2019 16:52:09 -0400 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Canamex says GoldUSA and SilverUSA tokens being offered to accredited investors ]]> https://ca.proactiveinvestors.com/companies/news/213833/canamex-says-goldusa-and-silverusa-tokens-being-offered-to-accredited-investors-213833.html Canamex Gold Corp (CSE:CSQ) (OTCMKTS:CNMXF) said Friday that its GoldUSA and SilverUSA ethereum tokens are now being offered to accredited investors.

The amount being targeted by the Company for these offerings is up to US$10 million.
 

READ: Canamex Gold announces GoldUSA and SilverUSA offerings to raise up to US$10M

The tokens are being offered through a digital securities offer board provided by New Dawn Capital Pty Ltd, which trades as Vestabyte Securities and provides an online primary market offering platform for issuers.

Vancouver-based Canamex said the GoldUSA tokens are offered at about a 30% discount to the current spot gold price while the SilverUSA tokens are at about a 35% discount to spot silver.

The tokens provide exposure to gold- or silver-backed ERC20 crypto tokens on the ethereum blockchain.

Minimum subscripition

The minimum subscription is 500 GoldUSA or SilverUSA tokens, or US$2,500.

The GoldUSA tokens are sold to investors with the understanding that they may be converted into a specified weight of physical gold bullion contingent on commercial production from Canamex’s Bruner Gold project in Nevada.

Shares of Canamex traded at C$0.08 in Thursday’s Canadian trading. They fetched US$0.06 on the OTC Markets.

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Fri, 01 Feb 2019 10:47:00 -0500 https://ca.proactiveinvestors.com/companies/news/213833/canamex-says-goldusa-and-silverusa-tokens-being-offered-to-accredited-investors-213833.html
<![CDATA[News - Canamex Gold announces GoldUSA and SilverUSA offerings to raise up to US$10M ]]> https://ca.proactiveinvestors.com/companies/news/212999/canamex-gold-announces-goldusa-and-silverusa-offerings-to-raise-up-to-us10m-212999.html Canamex Gold Corp. (CSE:CSQ) has launched a non-brokered private placement of GoldUSA Ethereum ERC20 tokens via a security token offering (STO).

GoldUSA tokens are sold to investors with the understanding that they may be converted into a specified weight of physical gold bullion, contingent on commercial production from Canamex’s Bruner Gold project in Nevada.

READ: Canamex Gold announces closing of GoldUSA security token placement

The tokens are being offered at about 30% discount to the current spot gold price and the minimum subscription is 500 GoldUSA tokens or US$2,250.

Each token is an interest in a one/200th ounce of gold at an offer price of US$4.50 per token.

Also today, Canamex said that further to its release of October last year, the non-brokered private placement of SilverUSA Ethereum ERC20 tokens via a security token offering is still open to subscribers.

The SilverUSA tokens are offered at about a 35% discount to the current spot silver price, and each token is an interest in a one-half ounce of silver at an offer price of US$5 per token. The minimum subscription is for 500 SilverUSA tokens or US$2,500.

The amount being targeted by the company for both these offerings is up to US$10 million.

The Bruner gold project in Nevada is still in the development phase.

The company has not yet made a production decision and is raising capital to advance the project through permitting and feasibility, the results of which are anticipated to support a production decision upon completion.

A preliminary economic assessment (PEA) released last year indicated a US$69.60 net present value for the project, assuming a gold price of US$1,280. The project would require an initial capital expenditure of US$37.81 million.

While the 2018 updated PEA was positive and recommends advancing the project through permitting and feasibility, it is based upon mineral resources only and not mineral reserves. The results of a feasibility study may differ from the results of the PEA.

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Mon, 21 Jan 2019 13:45:00 -0500 https://ca.proactiveinvestors.com/companies/news/212999/canamex-gold-announces-goldusa-and-silverusa-offerings-to-raise-up-to-us10m-212999.html
<![CDATA[News - Canamex Gold announces closing of GoldUSA security token placement ]]> https://ca.proactiveinvestors.com/companies/news/211668/canamex-gold-announces-closing-of-goldusa-security-token-placement-211668.html Canamex Gold Corp. (CSE:CSQ) announced today that, further to a news release published on September 19, it has closed a non-brokered private placement of GoldUSA tokens via a security token offering (STO) and issued a total of 22 million GoldUSA tokens at a price of US$4.00 (C$5.00) per GoldUSA token for aggregate deemed proceeds of C$109.97 million on Oct. 31, 2018.

In connection with the STO, a total of 20 million GoldUSA tokens were issued to Harmonychain AS, a technology provider of the company.

Subsequently, 19.8 million of the GoldUSA tokens were returned to treasury when the company’s agreement with Harmonychain was amended, which resulted in a total of 190,476 GoldUSA tokens being paid to Harmonychain for technology and services provided.

In total, the company has 2.19 million GoldUSA tokens issued and outstanding pursuant to the STO.

READ: Canamex Gold grants incentive stock options to buy 3.32 million shares

The total value of the GoldUSA tokens issued to date is C$9.98 million, with such GoldUSA tokens issued for cash and/or the settlement of debts and other balance sheet liabilities, including the issuance of 1.8 million GoldUSA tokens to a subsidiary of the company on a deferred settlement basis. 

The tokens were issued to the fully owned subsidiary, ChainDelivery Royalties Corp., for possible later use in commercial transactions with third parties.

As part of the STO, insiders of the company subscribed for 23,369 GoldUSA tokens.  Gregory Hahn, President, COO and a director of the company, subscribed for 18,431 GoldUSA tokens; Mike Stark, Chairman and a director of the company, subscribed for 938 GoldUSA tokens directly and 1,000 GoldUSA tokens through a company he controls, and Guy P. Dancosse, a director of the company, subscribed for 3,000 GoldUSA tokens. 

GoldUSA tokens are sold to investors with the understanding that the tokens may be converted into a specified weight of physical gold bullion, contingent on commercial production from Canamex’s Bruner Gold project in Nevada. 

A preliminary economic assessment released earlier this year indicated a US$69.60 net present value for the project, assuming a gold price of US$1,280. The project would require an initial capital expenditure of US$37.81 million.

The company commented that trading in Canamex shares was halted earlier this month, in order that securities regulators could assess and review the various transactions and agreements.

The review has been successfully completed, and the company expects its shares to be trading again shortly.

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Fri, 21 Dec 2018 08:15:00 -0500 https://ca.proactiveinvestors.com/companies/news/211668/canamex-gold-announces-closing-of-goldusa-security-token-placement-211668.html
<![CDATA[News - Canamex Gold grants incentive stock options to buy 3.32 million shares ]]> https://ca.proactiveinvestors.com/companies/news/210403/canamex-gold-grants-incentive-stock-options-to-buy-332-million-shares-210403.html Canamex Gold Corp (CNSX:CSQ) (OTCMKTS:CNMXF) has granted incentive stock options to purchase a total of 3.32 million common shares at an exercise price of C$0.06 per share.

The Vancouver-based mining company said in a press release Friday that the options were granted to directors, officers and consultants under its stock option plan.

Shares of Canamex closed at C$0.05 in Friday’s Canadian trading.

READ: Canamex Gold launches new SILVERUSA Ethereum token offering

Canamex is also active in blockchain, having signed an agreement last year with Oslo, Norway-based Harmonychain AS for ethereum blockchain cryptographic security tokens. The tokens, assets backed by gold and silver royalties and metal streams, are an alternative means of raising capital, potentially without equity dilution, according to Canamex.

In October, Canamex launched a security token offering (STO) of SILVERUSA Ethereum ERC20 tokens.

The company added in the press release that it's moving toward permitting and development at the Bruner gold and silver project in Nye County, Nevada, after completing in 2016 what it said was a positive preliminary economic assessment.

A second asset for Canamex is the Silverton property, a gold exploration project in Nevada. According to the company, the project has geological similarities to the Long Canyon deposit in Nevada, which is being mined by Newmont Mining Corp (NYSE:NEM).

 

Contact Dennis Fitzgerald at dennis@proactiveinvestors.com

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Mon, 03 Dec 2018 09:16:00 -0500 https://ca.proactiveinvestors.com/companies/news/210403/canamex-gold-grants-incentive-stock-options-to-buy-332-million-shares-210403.html
<![CDATA[Media files - Canamex Gold Corp announce GoldUSA and SilverUSA crypto security tokens ]]> https://ca.proactiveinvestors.com/companies/stocktube/11031/canamex-gold-corp-announce-goldusa-and-silverusa-crypto-security-tokens-11031.html Mon, 29 Oct 2018 14:59:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/11031/canamex-gold-corp-announce-goldusa-and-silverusa-crypto-security-tokens-11031.html <![CDATA[News - Canamex Gold set to collaborate with Malta Digital Exchange on potential security token listing ]]> https://ca.proactiveinvestors.com/companies/news/208052/canamex-gold-set-to-collaborate-with-malta-digital-exchange-on-potential-security-token-listing-208052.html Canamex Gold Corp (CSE:CSQ) unveiled another step in its evolution - striking a memorandum of understanding with public company Malta Digital Exchange Holdings PLC (MDXH).

The latter aims to establish and operate a 'multilateral trading facility' called the Malta Digital Exchange (MDX), which will be a secondary market exchange platform to allow the trading of securities in the form of security tokens.

MDX will be a multi-asset digital exchange, which focuses on virtual financial assets and security tokens.

Canamex is now exploring the possibility of listing its GOLDUSA Tokens and SILVERUSA Tokens on the MDX.

And today's MOU enables MDX to advise and collaborate with Canamex, with regard to the listing and the potential trading of the GOLDUSA Tokens and the SILVERUSA Tokens on the MDX platform.

The memorandum of understanding is non-binding, and will provide the cornerstone and structure for any and all possibly impending binding contracts between the parties, Canamex noted.

The cryptocurrency and blockchain sector saw exponential growth in 2017, the company added.

Now a push towards regulation will provide trust and a safe environment to transition into the global economy

The corporate vision of MDX is to be the world's premier security token exchange, based on the track record of Mr Rick Klink, the founder of MDX.

Klink has over 20 years' experience in the Fintech sector, and he is one of the founders of one of Australia's largest digital institutional grade brokerage platforms, with over 1.5 million clients and an annual trading turnover in excess of A$50 billion

Canamex shares are down around 11%  in Toronto to $0.08.

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Mon, 29 Oct 2018 12:47:00 -0400 https://ca.proactiveinvestors.com/companies/news/208052/canamex-gold-set-to-collaborate-with-malta-digital-exchange-on-potential-security-token-listing-208052.html
<![CDATA[News - Canamex Gold launches new silverUSA Ethereum token offering ]]> https://ca.proactiveinvestors.com/companies/news/206334/canamex-gold-launches-new-silverusa-ethereum-token-offering-206334.html Canamex Gold Corp (CSE:CSQ) said it had launched a new security token offering (STO) - of SILVERUSA Ethereum ERC20 tokens.

This is the first time ever that a silver-asset-backed security token, deployed on a block chain, has been offered by a North American Exchange-listed public company, it said.

The initial offering to accredited investors is for SILVERUSA tokens is at a 30% discount to the spot silver price.

The minimum subscription is for 500 SILVERUSA Tokens or US$2,500. Each token is an interest in half an ounce of silver at the initial token price of US$5 per token.

"Our company has seen the significant scaling potential for this innovative financing technique because of its sheer simplicity for creating win-win situations for all the stakeholders and investors involved," said David Vincent, the chief executive of Canamex.

"This innovative crypto-token royalty streaming model provides far more value, transparency, better terms and conditions and better profit margins within a SILVERUSA ecosystem (SILVERUSA ) token holders, shareholders, other junior mining companies and investors) than can be offered by traditional existing models, relying on legacy funding models."

Canamex Gold is focused on fast-tracking towards the development of the Bruner Gold Development Project in the prolific gold jurisdiction of Nye County, Nevada.

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Wed, 03 Oct 2018 15:19:00 -0400 https://ca.proactiveinvestors.com/companies/news/206334/canamex-gold-launches-new-silverusa-ethereum-token-offering-206334.html
<![CDATA[News - Canamex Gold set to close its GoldUSA token offering later this month ]]> https://ca.proactiveinvestors.com/companies/news/205258/canamex-gold-set-to-close-its-goldusa-token-offering-later-this-month-205258.html Canamex Gold Corp (CSE:CSQ) updated on its security token offering (STO), saying it will close on  September 28 this year, after which no further subscriptions will be taken.

GOLDUSA tokens will be issued, and subject to a 4-month and 1-day escrow period, the firm said.

GOLDUSA tokens issued, will be delivered to an escrow wallet under the control of ChainDelivery Royalties Corp, a 100% owned subsidiary of Canamex.

As reported in May this year, the firm launched a non-brokered private placement to accredited investors, of GOLDUSA Ethereum ERC20 crypto tokens via what's called a security token offering.

Also in today's release, Canamex said that during October this year, the firm plans to launch a non-brokered private placement of SILVERUSA tokens to accredited investors, via an initial STO.

It is expected that this offering will provide additional financing to complete mine permitting and development work, to a shovel-ready stage (production decision and construction financing), at the Bruner Gold and silver project in Nevada.

Canamex also revealed it will remunerate its directors and officers and contractors, from time to time, in the form of GOLDUSA tokens as payment for services rendered.

The deemed pricing for such remuneration is USD$4 per GOLDUSA Token, or C$5 per GOLDUSA, at the election of the payee, and such price will be reviewed by the company, from time to time, as deemed necessary.

The board of the firm has also approved the remuneration of its non-executive directors at the rate 400 GOLDUSA Tokens per calendar month, commencing from September this year.

Greg Hahn, the president, COO and a director, has elected to accept a total of 5,462 GOLDUSA Tokens, in lieu of cash settlement, pursuant to a payment due, in the amount of US$16,386.56.

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Wed, 19 Sep 2018 13:55:00 -0400 https://ca.proactiveinvestors.com/companies/news/205258/canamex-gold-set-to-close-its-goldusa-token-offering-later-this-month-205258.html
<![CDATA[News - Canamex Gold's buy-back of 1.5% royalty on its Bruner Gold project will realise significant savings ]]> https://ca.proactiveinvestors.com/companies/news/203320/canamex-gold-s-buy-back-of-15-royalty-on-its-bruner-gold-project-will-realise-significant-savings-203320.html Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) is set to be boosted by the early buy-back of a 1.5% NSR (net smelter royalty) on its wholly owned  Bruner Gold project in Nevada, USA in a deal, which will improve mine cashflow and validates the Canamex model.

The company revealed Tuesday it had struck a sale and purchase agreement with American International Ventures Inc (OTC: AIVN) over the royalty, which will be bought back using GOLDUSA tokens.

The early buyout for US$450,000 using 112,500 GOLDUSA security tokens will realize a significant discount to the estimated US$6.8mln value of the 1.5% NSR, over the life of mine, chief executive David Vincent explained.

Shareholder benefit

"The transaction is, therefore, value accreditive to the shareholders of the company.

"Furthermore, the early buyback has been achieved without any shareholder equity dilution, without drawing down on the existing treasury cash position, and most importantly, the transaction validates the GOLDUSA token to transact business with third parties, on normal commercial terms”.

The 112,500 GOLDUSA tokens will have a deemed price of US$4 per GOLDUSA token, cANAMEX NOTED.

The tokens will be subject to a four month and one day escrow period, in accordance with National Instrument 45-102.

New and improved PEA

An updated PEA (preliminary economic assessment) this year following additional drilling increased the resources and improved the economics of the project.

Canamex is now moving the site into permitting and development on the strength of this positive updated PEA.

The PEA estimates production and sale of 349,300 ounces of gold and 363,400 ounces of silver from the Bruner property, all of which would be subject to the 1.5% royalty and assumes a gold price of US$1,280 per ounce gold and US$17 per ounce silver. 

The 1.5% NSR royalty on these PEA production assumptions and assumed metals prices would be worth an estimated US$6.8mln over the life of mine.

Today's deal will realise a significant discount to this sum and therefore improve the life of mine cashflows.

Canamex Gold shares were unchanged at C$0.095.

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Tue, 21 Aug 2018 09:11:00 -0400 https://ca.proactiveinvestors.com/companies/news/203320/canamex-gold-s-buy-back-of-15-royalty-on-its-bruner-gold-project-will-realise-significant-savings-203320.html
<![CDATA[News - Canamex Gold Corp decreases price of token offering ]]> https://ca.proactiveinvestors.com/companies/news/203228/canamex-gold-corp-decreases-price-of-token-offering-203228.html Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) announced a decrease to the offer price of its previously announced security token offering (STO)

In May, the firm launched a placing to accredited investors GOLDUSA Ethereum ERC20 crypto tokens via a security token offering (STO).

It said Friday that the spot price of gold had dropped over the last month, so it had decided to decrease the STO subscription offer price for subscriptions received from 9 a.m. PT on Monday, 20 August 2018, to US$4 per GoldUSA token.

This maintains at least 30% discount to the current US$6 value per token, using US$1,200 per ounce spot gold price.

Canamex is fast-tracking towards the development of the Bruner gold development project in the prolific gold jurisdiction of Nye County, Nevada.

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Mon, 20 Aug 2018 08:17:00 -0400 https://ca.proactiveinvestors.com/companies/news/203228/canamex-gold-corp-decreases-price-of-token-offering-203228.html
<![CDATA[News - Canamex Gold extends warrant conversion offer deadline ]]> https://ca.proactiveinvestors.com/companies/news/203094/canamex-gold-extends-warrant-conversion-offer-deadline-203094.html Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) updated on its warrant conversion offer, saying it had extended the closing date.

Last month, the group advised on the offer to all holders of warrants for the conversion of warrants into discounted GoldUSA tokens.

"The company advised a closing date of Aug. 31, 2018. Due to delays by the postal and courier services, some warrant holders did not receive their offer forms until Aug. 15, 2018, which only leaves two weeks to decide," the firm said today.

Thus, Canamex is extending the closing date of the offer to 5m PST on September 28 this year, to allow warrant holders enough time to consider the offer.

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Thu, 16 Aug 2018 14:22:00 -0400 https://ca.proactiveinvestors.com/companies/news/203094/canamex-gold-extends-warrant-conversion-offer-deadline-203094.html
<![CDATA[News - Canamex Gold Corp announces further increase to price of token offering ]]> https://ca.proactiveinvestors.com/companies/news/200410/canamex-gold-corp-announces-further-increase-to-price-of-token-offering-200410.html Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) has announced an increase to the offer price of its previously announced security token offering (STO).

As reported, the firm launched a placing to accredited investors GOLDUSA Ethereum ERC20 crypto tokens via a security token offering (STO).

It has now elected to increase the STO subscription offer price for subscriptions received from Monday, July 9 this year to US$ 4.50 per GOLDUSA token (previously US$4.25).

This is  a 30% discount to US$6.50 value per token, based on US$1,300 per ounce gold price, the firm said.

Canamex Gold shares were unchanged in Toronto at C$0.105.

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Mon, 09 Jul 2018 13:42:00 -0400 https://ca.proactiveinvestors.com/companies/news/200410/canamex-gold-corp-announces-further-increase-to-price-of-token-offering-200410.html
<![CDATA[News - Canamex Gold advances as it updates on token offering and new subsidiary ]]> https://ca.proactiveinvestors.com/companies/news/198634/canamex-gold-advances-as-it-updates-on-token-offering-and-new-subsidiary-198634.html Canamex Gold Corp (CSE:CSQ) updated on its security token offering (STO) and said its new subsidiary ChainDelivery Royalties Corp was incorporated in British Columbia on June 1 as a 100% owned subsidiary.

In May this year, the firm launched a non-brokered private placement to accredited investors, of GOLDUSA Ethereum ERC20 crypto tokens via what's called a security token offering.

Due to significant demand at lower subscription amounts, the firm has decreased the STO minimum subscription amount from 25,000 GOLDUSA tokens to 2,500 GOLDUSA tokens, for valid subscriptions received from 0900 PST on June 11.

The firm will maintain the STO subscription offer price at US$4.25 per GOLDUSA token until further notice.

This is 35% discount to US$ 6.50 value per token, based on a US$1,300 per ounce gold price.

Canamex also said it had assigned all its intellectual property rights (IPR) to CHAIN, in relation to security tokenisation of metal royalty streams, and associated financing models.

It said it may spin out CHAIN into a separate crypto-royalties trading company, via an equity STO

The market will be kept informed, when a final decision is made, it said.

The company owns all the rights, via its agreements with Harmonychain AS, to the trademark ChainDelivery(TM), which was approved as a registered trade mark in Norway on April 26, 2018.

Canamex shares added 4.17% to C$0.125 on Monday.

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Mon, 11 Jun 2018 12:47:00 -0400 https://ca.proactiveinvestors.com/companies/news/198634/canamex-gold-advances-as-it-updates-on-token-offering-and-new-subsidiary-198634.html
<![CDATA[News - Canamex Gold moves towards C$20mln financing facility; raises price of security token offering ]]> https://ca.proactiveinvestors.com/companies/news/197766/canamex-gold-moves-towards-c20mln-financing-facility-raises-price-of-security-token-offering-197766.html Canamex Gold Corp. (CSE:CSQ) today announced that it has entered into a non-binding letter of intent with Global Emerging Markets for a C$20mln financing facility. The terms are non-binding until definitive documentation governing the proposed financing is executed.

Global Emerging Markets is a US$3.4-billion alternative investment group.

READ: Canamex Gold unveils first security token offering by public listed company

As well, Canamex Gold announced that it has increased the price of its security token offering – the first of its type by a publicly listed company. On May 15, 2018, the company launched a placing to accredited investors GOLDUSA Ethereum ERC20 cypto tokens via a security token offering (STO).

The tokens were being offered at a significant 40% discount to the US$1,350 per ounce gold price, but limited to the first week of subscriptions.

The company will increase the STO offer price for subscriptions received as of May 30, 2018, to US$4.25 per GoldUSA token. This is a 35% discount to US$6.50 value per token.

Each token represents 1/200 of an ounce gold and the minimum subscription is for 25,000 GOLDUSA tokens.

Canamex is focused on fast-tracking toward development of the Bruner gold development project in the prolific gold jurisdiction of Nye County, Nevada.

Shares were down 3.57% to C$0.14 on Monday morning.

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Mon, 28 May 2018 11:28:00 -0400 https://ca.proactiveinvestors.com/companies/news/197766/canamex-gold-moves-towards-c20mln-financing-facility-raises-price-of-security-token-offering-197766.html
<![CDATA[News - Canamex increases minimum subscription for GoldUSA token ]]> https://ca.proactiveinvestors.com/companies/news/197669/canamex-increases-minimum-subscription-for-goldusa-token-197669.html Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) has now increased the minimum subscription amount on its security token offering (STO).

The minimum goes from 2,000 GoldUSA tokens to 25,000 GoldUSA tokens for valid subscriptions by accredited investors received from 9 am PST today (May 24)

It comes after this week Canamex also decided to increase the STO subscription offer price for subscriptions received from 0900 PST on Wednesday (May 23) to US$ 4.125 per GOLDUSA token.

Canamex also noted it had previously inked agreements with Harmonychain AS, for Ethereum Blockchain Smart Contract Security Tokens for Gold and Silver, as an alternative means of raising capital, potentially without diluting equity.

The agreements secure the exclusive rights to various Ethereum Token domain names, ticker codes, and associated smart contracts, for Gold and Silver and trademarks including ChainDelivery{A &#153;} royalty stream delivery.

ChainDelivery{A &#153;} was approved as a registered trade mark in Norway by Patentkontoret within Blockchain technology on April 26 this year.

"The recent approval of the ChainDelivery{A &#153;} trademark, further secures the company rights to security token financing models, asset backed by royalty metals streams and physical delivery, developed for blockchain security token application," said David Vincent, Canamex chief.

"The security token financing models seek to achieve a financing paradigm shift within the gold and silver mining and minerals explorations sector, for Canadian listed companies.

Canamex shares are unchanged at C$0.14.

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Thu, 24 May 2018 14:23:00 -0400 https://ca.proactiveinvestors.com/companies/news/197669/canamex-increases-minimum-subscription-for-goldusa-token-197669.html
<![CDATA[News - Canamex Gold announces increased price of its token offering ]]> https://ca.proactiveinvestors.com/companies/news/197480/canamex-gold-announces-increased-price-of-its-token-offering-197480.html Tue, 22 May 2018 11:32:00 -0400 https://ca.proactiveinvestors.com/companies/news/197480/canamex-gold-announces-increased-price-of-its-token-offering-197480.html <![CDATA[Media files - Canamex Gold launches 'first of its kind' security token offering ]]> https://ca.proactiveinvestors.com/companies/stocktube/9299/canamex-gold-launches-first-of-its-kind-security-token-offering-9299.html Tue, 15 May 2018 15:43:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/9299/canamex-gold-launches-first-of-its-kind-security-token-offering-9299.html <![CDATA[News - Canamex Gold unveils first security token offering by public listed company ]]> https://ca.proactiveinvestors.com/companies/news/197025/canamex-gold-unveils-first-security-token-offering-by-public-listed-company-197025.html Canamex Gold Corp (CSE:CSQ, OTC:CNMXF), as revealed previously, is launching a placing to accredited investors GOLDUSA Ethereum ERC20 cypto tokens via a security token offering (STO).

The tokens are being offered at a significant 40% discount to the US$1,350 per ounce gold price, but limited to the first week of subscriptions.

WATCH: Canamex Gold first publicly listed company to launch Security Token Offering

Each token represents 1/200 of an ounce gold and the minimum subscription is for 2,000 GOLDUSA tokens, said David Vincent, the chief executive.

"This is the first time ever that a gold-asset-backed crypto security token has been offered by a North American Exchange listed public company," the group said on Tuesday.

"Our company has seen the significant scaling potential for this innovative financing technique because of its sheer simplicity for creating win-win situations for all the stakeholders and investors involved.

"This innovative crypto-token royalty streaming model provides far more value, transparency, better terms and conditions and better profit margins within a GOLDUSA ecosystem (GOLDUSA token holders, shareholders, other junior mining companies and investors), than can be offered by traditional existing models, relying on legacy ideas.”

Canamex is focused on fast-tracking toward development of the Bruner gold development project in the prolific gold jurisdiction of Nye County, Nevada.

Previously, the firm has said it expects this initial offering to provide the financing to complete mine permitting and development work, to a shovel-ready stage (production decision and construction financing), at the project.

The region is home to several producing and past-producing mines along the Walker Lane trend.

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Tue, 15 May 2018 10:05:00 -0400 https://ca.proactiveinvestors.com/companies/news/197025/canamex-gold-unveils-first-security-token-offering-by-public-listed-company-197025.html
<![CDATA[News - Daily CryptoCann Report: Bloomberg launches a crypto index; marijuana may soon outsell liquor in Canada ]]> https://ca.proactiveinvestors.com/companies/news/196679/daily-cryptocann-report-bloomberg-launches-a-crypto-index-marijuana-may-soon-outsell-liquor-in-canada-196679.html Bloomberg has partnered with digital asset management firm Galaxy Digital Capital Management LP to launch the Bloomberg Galaxy Crypto Index (BCGI). The index will track the performance of ten USD-traded cryptocurrencies, including Bitcoin, Ethereum, Ripple, Monero and Zcash.

Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) became the first publicly listed company to launch a security token offering. The initial coin offering for GOLDUSA Tokens will start at a 40% discount to the spot gold price. The company plans to use the proceeds to finance the completion of its mine permitting and development work at the Bruner gold project in Nevada.

The top five cryptocurrencies saw mixed results today:

Bitcoin Cash (BCH-USD) was the top gainer after being yesterday's top decliner, up nearly 2% to US$1,630.01.

Bitcoin (BTC-USD) was the second-largest gainer, up more than 1% to US$9,289.70.

EOS (EOS-USD) was the top decliner of the day, falling more than 1% to US$17.73 while Ripple (XRP-USD) was more than 1% to US$0.80.

Ethereum (ETH-USD) was down less than a percent to US$747.60. READ: Canamex Gold launches security token offering to advance Nevada gold project

The North American Marijuana Index, which tracks the leading cannabis stocks in the U.S. and Canada, was up more than 2% this afternoon.

Legal marijuana may soon outsell liquor in Canada by 2020, according to a report from the Canadian Imperial Bank of Commerce. The bank estimates that marijuana will be a US$6.5bn industry in Canada by 2020.

GrownGeneration Corp (OTCQX:GRWG) has received a US$10mln investment from investors, including a US$7.5mln investment from Gotham Green Partners, a private equity firm with a focus on the cannabis industry. The Colorado-based company is one of the largest hydroponic and organic gardening stores.

 

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Wed, 09 May 2018 15:14:00 -0400 https://ca.proactiveinvestors.com/companies/news/196679/daily-cryptocann-report-bloomberg-launches-a-crypto-index-marijuana-may-soon-outsell-liquor-in-canada-196679.html
<![CDATA[News - Canamex Gold launches security token offering to advance Nevada gold project ]]> https://ca.proactiveinvestors.com/companies/news/196676/canamex-gold-launches-security-token-offering-to-advance-nevada-gold-project-196676.html Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) has become the first publicly listed company to launch a security token offering (STO).

The firm Wednesday said it was launching a non-brokered placing to accredited investors, using an initial security token offering.

The initial offering for GOLDUSA Tokens will start at a 40% discount to the spot gold price.

It means investors have exposure to a gold-backed token, starting at US$800 per ounce instead of an around $1,350 per ounce spot price and the minimum subscription is for 2,000 GOLDUSA tokens.

Canamex said it expects this initial offering will provide the financing to complete mine permitting and development work, to a shovel-ready stage (production decision and construction financing), at the Bruner gold project in Nevada.

The firm also noted that this pricing was for a limited time from the launch date, and after that  it reserves the right to increase the initial STO subscription offer price.

Canamex said purchase methods accepted for the offering were fiat currencies, Ethereum (ETH) and Bitcoin (BTC).

"With the commencement of the permitting process at the Bruner gold project, the board of the company has considered various financing options for project development and potential mine construction," said David Vincent, chief executive at Canamex.

"The board concluded that this royalty stream STO financing model provides the best option for all stakeholders."

The Bruner gold project lies in the prolific gold jurisdiction of Nye county, Nevada.

The region is home to several producing and past-producing mines along the Walker Lane trend.

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Wed, 09 May 2018 14:24:00 -0400 https://ca.proactiveinvestors.com/companies/news/196676/canamex-gold-launches-security-token-offering-to-advance-nevada-gold-project-196676.html
<![CDATA[Media files - Canamex Gold first publicly listed company to launch Security Token Offering ]]> https://ca.proactiveinvestors.com/companies/stocktube/9249/canamex-gold-first-publicly-listed-company-to-launch-security-token-offering-9249.html Wed, 09 May 2018 13:39:00 -0400 https://ca.proactiveinvestors.com/companies/stocktube/9249/canamex-gold-first-publicly-listed-company-to-launch-security-token-offering-9249.html <![CDATA[News - Canamex Gold begins trading on Canadian Securities Exchange ]]> https://ca.proactiveinvestors.com/companies/news/196583/canamex-gold-begins-trading-on-canadian-securities-exchange-196583.html Canamex Gold Corp (CSE:CSQ, OTC:CNMXF) has begun trading on the Canadian Securities Exchange, having previously been on the venture exchange.

Yesterday, the group announced it had taken a step towards securing mine development permits at its flagship Bruner gold project in Nevada.

Canamex spent US$6mln to earn 70% of the project and bought the remaining 30% for US$1mln.

A positive preliminary economic assessment was completed in 2016, which was updated in 2018, following additional drilling.

The firm has begun baseline studies, with a goal to establish biological data across the property. The two development scenarios - phase 1 and phase 2 -  were outlined in a preliminary economic assessment released at the end of January.

In February this year, Canamex Gold was one of the five founding members of the newly created Ethereum blockchain strategic alliance for gold and silver asset backed crypto-tokens.

Chief executive David Vincent had said: "The alliance seeks to utilize innovative gold and/or silver royalty stream funding models, for gold and/or silver asset backed crypto-tokens, trading and clearing on the Ethereum blockchain, for the purposes of funding gold and silver exploration and mine development, for the Alliance members.

"Interest in the blockchain technology, for secondary market trading and clearing is growing. For example, the Canadian Securities Exchange (CSE) has recently unveiled plans to develop Canada's first platform for clearing and settling securities using blockchain technology."

Vincent added: "To effectively develop and then to deploy these new technologies and transformative market financing models, the company should be listed on an exchange that welcomes and encourages entrepreneurship and innovation."

Canamex is currently raising gross proceeds of up to C$6.25mln via a private placement of 1mln Gold royalty tokens at C$6.25 per token.

An investor can redeem 200 Gold Royalty Tokens for 1 ounce of gold until December 30, 2030. The redemption period will commence 180 days from the date the company declares commercial production of gold from the Bruner gold development project.

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Tue, 08 May 2018 13:46:00 -0400 https://ca.proactiveinvestors.com/companies/news/196583/canamex-gold-begins-trading-on-canadian-securities-exchange-196583.html
<![CDATA[News - Canamex Gold takes first step towards securing mine permits at Bruner gold project ]]> https://ca.proactiveinvestors.com/companies/news/196489/canamex-gold-takes-first-step-towards-securing-mine-permits-at-bruner-gold-project-196489.html Canamex Gold Corp (CSE:CSQ) today announced that it has taken a step towards securing mine development permits at the Bruner gold project in Nevada. 

The company has started baseline studies, with a goal to establish biological data across the property. The two development scenarios (Phase 1 and Phase 2) were outlined in a Preliminary Economic Assessment released at the end of January.

READ: Canamex Gold unveils positive preliminary economic assessment for Bruner gold project

"Commencement of baseline biological studies is the first and primary step in the mine development permitting process," said president and chief operating officer, Greg Hahn. "This establishes the path forward that the Company has committed to take to bring the Bruner Gold Project through permitting, and to a shovel-ready status for a production decision and construction financing."

In February, the company announced a private placement offering of gold royalty tokens.

READ: Canamex Gold: Gold-backed tokens start this company’s cryptocurrency revolution

Canamex has signed an agreement with Western Biological to start the studies, which involve an extensive helicopter-supported raptor survey across the property and within a 10-mile radius surrounding the proposed mine development site. 

Additional baseline studies will continue throughout Q2 2018. Welsh Hagen Associates, in Nevada, will manage the baseline studies and permitting process on behalf of Canamex Gold. 

"With the commencement of the permitting process, the Board of the Company is currently considering various options for project development and potential construction financing of the Bruner Gold Project," said chief executive officer, David Vincent.

"Further details will be announced once a decision has been made."

 

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Mon, 07 May 2018 12:48:00 -0400 https://ca.proactiveinvestors.com/companies/news/196489/canamex-gold-takes-first-step-towards-securing-mine-permits-at-bruner-gold-project-196489.html
<![CDATA[News - Canamex Gold's shares approved for listing on the CSE ]]> https://ca.proactiveinvestors.com/companies/news/196278/canamex-gold-s-shares-approved-for-listing-on-the-cse-196278.html The common shares of Canamex Gold Corp (CVE:CSQ) have been approved for listing on the Canadian Securities Exchange.

Listing and disclosure documents will be available on the CSE website on the listing date.

READ: Canamex Gold Corp set for listing on Canadian Securities Exchange on Friday​

Canamex Gold is engaged in the development of the Bruner gold project and exploration of the Silverton gold project. Both projects are located in Nevada.

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Wed, 02 May 2018 14:16:00 -0400 https://ca.proactiveinvestors.com/companies/news/196278/canamex-gold-s-shares-approved-for-listing-on-the-cse-196278.html
<![CDATA[News - Canamex Gold Corp set for listing on Canadian Securities Exchange on Friday ]]> https://ca.proactiveinvestors.com/companies/news/195582/canamex-gold-corp-set-for-listing-on-canadian-securities-exchange-on-friday-195582.html Canamex Gold Corp (CVE:CSQ) says its shares will begin trading on the Canadian Securities Exchange (CSE) on or around Friday (April 27) this year.

At that time the stock will cease trading on the venture exchange.

"The company seeks to utilize innovative royalty stream funding models for precious-metal-asset-backed cryptotokens, trading and clearing on the Ethereum blockchain, for the purposes of funding gold and silver exploration and mine development," said David Vincent, the firm's chief executive.

"To effectively develop and then to deploy these new technologies and transformative market financing models, the company should be listed on an exchange that welcomes and encourages entrepreneurship and innovation.

"The CSE meets these criteria, which is clearly demonstrated by its recent initiative, to develop Canada's first platform for clearing and settling securities using blockchain technology."

Vincent also noted that the CSE had a very competitive and attractive "cost structure" compared to the venture exchange.

"Shareholders of the company should see considerable benefits resulting from this decision, both in the near term and in the longer term, he added.

Canamex is said to be is moving towards become the first company to issue a crypto-token backed by gold, and from its own project in Nevada no less. 

The team is also looking at working with other companies in or near production to help them finance with crypto-token gold and silver royalty streams, instead of traditional debt and/or equity financing.

Shares were unchanged at C$0.12.

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Mon, 23 Apr 2018 11:05:00 -0400 https://ca.proactiveinvestors.com/companies/news/195582/canamex-gold-corp-set-for-listing-on-canadian-securities-exchange-on-friday-195582.html
<![CDATA[Media files - Canamex Gold goes crypto with gold royalty tokens ]]> https://ca.proactiveinvestors.com/companies/stocktube/8704/canamex-gold-goes-crypto-with-gold-royalty-tokens-8704.html Mon, 05 Feb 2018 15:06:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/8704/canamex-gold-goes-crypto-with-gold-royalty-tokens-8704.html <![CDATA[Media files - Canamex Gold makes move into cryptocurrency with Harmonychain deal ]]> https://ca.proactiveinvestors.com/companies/stocktube/8519/canamex-gold-makes-move-into-cryptocurrency-with-harmonychain-deal-8519.html Mon, 11 Dec 2017 14:00:00 -0500 https://ca.proactiveinvestors.com/companies/stocktube/8519/canamex-gold-makes-move-into-cryptocurrency-with-harmonychain-deal-8519.html <![CDATA[News - Canamex climbs on new subsurface water right for Bruner property ]]> https://ca.proactiveinvestors.com/companies/news/105073/canamex-climbs-on-new-subsurface-water-right-for-bruner-property-59285.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) shares shot up after the company said that the Nevada Division of Water Resources has granted it a subsurface water right for its Bruner gold project in the state.

The water right application, which was submitted last April, was approved by Nevada's State Engineer, with the company now having a water right for mining purposes for 0.78 cubic feet per second on the west side of Bruner.

This combines with the 0.10 cubic feet per second which came with the patented ground and the well location on the east side of the property, said Canamex, thus providing a total of 400 gallons per minute of beneficial use for mining purposes.

The company said this should be enough water for the development of up to an 8,000 tonne per day initial heap leach operation.

"The issuance of sufficient water rights for an initial heap leach operation at Bruner follows the company's plan of anticipating development needs for the project and paralleling resource development and project development to facilitate moving the project forward expeditiously at the appropriate time," said president and COO Greg Hahn.

In order to perfect the water right, the company has to complete a well at the permitted location by December 30, 2016, and then place the well into beneficial use by the end of 2017.

Canamex said it will soon begin permitting for a well site to go with the new water right. Meanwhile, the junior explorer is also progressing with its maiden resource report for the property, which is expected by the end of the first quarter.

The report is anticipated to cover resources at the historic area, as well as those at the new Penelas East discovery and the Paymaster zone.

Shares jumped over 13 percent to 17 Canadian cents on Thursday.

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Thu, 15 Jan 2015 11:48:00 -0500 https://ca.proactiveinvestors.com/companies/news/105073/canamex-climbs-on-new-subsurface-water-right-for-bruner-property-59285.html
<![CDATA[News - Canamex plans further drilling at Bruner, maiden resource expected in Q1 ]]> https://ca.proactiveinvestors.com/companies/news/104958/canamex-plans-further-drilling-at-bruner-maiden-resource-expected-in-q1-59152.html Canamex Resources (CVE:CSQ)(OTCQX:CNMXF) has unveiled the final core drilling results from its Bruner gold project in Nevada, showcasing the exploration potential of both the historic resource and Penelas East areas at the site, the company said.

At the Penelas East discovery area, core drilling at the northern extension intersected gold across a 51.8 metre interval in the last drill hole of 2014. The hole, B-1454C, intercepted 51.8 metres grading 0.444 grams per tonne (g/t) gold.

The hole is about 37 metres along strike of the previous intercept reported last October, which returned 22.9 metres of 3.29 g/t gold.

The company said further drilling is necessary, and that the area remains open to the north, with follow-up drilling planned for this year to determine whether deeper intercepts can be extended 100 metres northward.

Meanwhile, at the historic resource area of the project, drilling at the  northeast extension returned 32.1 metres of gold grading 0.339 g/t. Canamex said there is "considerable potential" to expand the resource further north, on patented claims.

This will be focus of a proposed drilling program for this year, it added.

"The last drill holes of the 2014 drilling program demonstrate the exploration potential of both the Penelas East and the historic resource area as they remain open to the north," said president Greg Hahn.

"We will propose drilling programs in both resource areas in 2015 to continue to pursue these possible extensions."

In the meantime, the company has delivered its 2014 data to an independent engineer who is in the process of preparing a resource estimate for the property, with results of the maiden report expected in the first quarter of this year.

Canamex shares closed at 14.5 cents on Wednesday. The stock has more than doubled over the last year.

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Thu, 08 Jan 2015 10:38:00 -0500 https://ca.proactiveinvestors.com/companies/news/104958/canamex-plans-further-drilling-at-bruner-maiden-resource-expected-in-q1-59152.html
<![CDATA[News - Canamex Resources to produce resource estimate for Bruner following 2014 results ]]> https://ca.proactiveinvestors.com/companies/news/104926/canamex-resources-to-produce-resource-estimate-for-bruner-following-2014-results-59115.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) said it will soon release the final results of its 2014 drilling campaign at its Bruner gold project in Nevada, saying it is "very encouraged" by the progress seen to date.

The company, in a statement released today, said it believes there is now sufficient data to produce an NI 43-101 compliant technical report, including a mineral resource estimate. Work has already begun on a technical report, and is expected to be completed in the first quarter.

Following this, Canamex will make a decision on the appropriate next steps at the site.

Since Canamex has been involved in Bruner in 2010, it has drilled 149 core and reverse circulation holes, totaling some 26 km of drilling.

The 2014 campaign was designed to follow up on the success of drill hole B-1340 at the historic resource area of the project, which intersected 57.9 metres grading 5.2 grams per tonne (g/t) gold, and to continue drilling the northern extension of the Penelas East discovery.

The majority of the drilling conducted last year was focused on the historic resource area, where 27 reverse circulation holes and 10 core holes were drilled.

Canamex also owns 100 percent of the Aranka North gold project in Guyana, where it announced the completion of an NI 43-101 compliant technical report last October, which recommended a $500,000 diamond drilling program to test the heart of the gold anomaly.

"While Canamex is encouraged about the potential of the Aranka North Property, the near-term focus of the company will be the Bruner Gold Project," it said.

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Tue, 06 Jan 2015 15:18:00 -0500 https://ca.proactiveinvestors.com/companies/news/104926/canamex-resources-to-produce-resource-estimate-for-bruner-following-2014-results-59115.html
<![CDATA[News - Canamex appoints financial advisory specialist Michael Pesner to its board ]]> https://ca.proactiveinvestors.com/companies/news/104735/canamex-appoints-financial-advisory-specialist-michael-pesner-to-its-board-58864.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) has appointed Michael Pesner to its board of directors, effective immediately. 

Pesner is currently the president of Hermitage Canada Finance Inc., a firm specializing in financial advisory services, including M&A, divestitures and restructuring. He spent 26 years as a partner at KPMG and predecessor firms, Canamex said, and currently sits on the board of several resource companies, including Richmont Mines, Quest Rare Minerals and Alexandria Minerals.

"As an accomplished professional in the areas of finance and accounting, Michael brings a wealth of experience to the board of Canamex, as we move forward with our Bruner Gold Project in Nye County, Nevada," said chief executive officer Mark Billings.

Last month, Canamex said it uncovered a new gold zone at the Paymaster target area on its Bruner gold project, as part of an ongoing reverse circulation drilling program. Of the highlights, hole B-1457 intersected 16.7 metres of 9.94 grams per tonne (g/t) gold, while hole B-1460 hit 7.6 metres grading 9.98 g/t gold. 

The gold explorer will continue to drill this target area next year. Earlier in November, Canamex appointed chairman Billings as its new chief executive officer, replacing interim CEO Hahn, who took over the role when previous chief executive Bob Kramer passed away in May. 

Billings was until recently a senior executive and director at Argex Titanium, a Montreal-based near-term producer of titanium oxide. He co-founded Argex in 2007.

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Wed, 17 Dec 2014 10:48:00 -0500 https://ca.proactiveinvestors.com/companies/news/104735/canamex-appoints-financial-advisory-specialist-michael-pesner-to-its-board-58864.html
<![CDATA[News - Canamex reveals new, under-explored gold zone at Paymaster target area ]]> https://ca.proactiveinvestors.com/companies/news/104234/canamex-reveals-new-under-explored-gold-zone-at-paymaster-target-area--58192.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) has uncovered a new gold zone at the Paymaster target area on its Bruner gold project in Nevada, as part of an ongoing reverse circulation drilling program.

In the new area, drilling returned good grade gold mineralization in several drill holes, the company said.

Of the highlights, hole B-1457 intersected 16.7 metres of 9.94 grams per tonne (g/t) gold, while hole B-1460 hit 7.6 metres grading 9.98 g/t gold. 

Hole B-1458 intersected 13.1 metres of 5.13 g/t gold.

The gold-bearing area at the Paymaster target appears to be relatively flat-lying, Canamex said, and is a geologic environment that has been rarely tested before on the property.

"The discovery of numerous high grade intercepts at the Paymaster target area is very encouraging for the future expansion of the resources at the Bruner Project," said president and chief operating officer, Greg Hahn.

"The Paymaster target area was identified from underground channel sampling by previous companies exploring the Bruner property in the 1980s, but never adequately drill tested.  

"Canamex attempted to open the previously reclaimed underground workings but found the workings to be caved and inaccessible.  Drilling was the only option for testing the zone of high grade historical underground sampling, and the results verify the presence of attractive gold grades in an area on patented (private) land that lies immediately adjacent to the site the company is entertaining for development of a leach pad for the project."

The gold explorer will continue to drill this target area next year, the company said.

On Thursday, Canamex appointed chairman Mark Billings as its new chief executive officer, replacing interim CEO Hahn, who took over the role when previous chief executive Bob Kramer passed away in May. 

Billings was until recently a senior executive and director at Argex Titanium, a Montreal-based near-term producer of titanium oxide. He co-founded Argex in 2007.

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Mon, 17 Nov 2014 11:29:00 -0500 https://ca.proactiveinvestors.com/companies/news/104234/canamex-reveals-new-under-explored-gold-zone-at-paymaster-target-area--58192.html
<![CDATA[News - Canamex Resources welcomes Mark Billings as new CEO ]]> https://ca.proactiveinvestors.com/companies/news/104189/canamex-resources-welcomes-mark-billings-as-new-ceo-58136.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) has appointed chairman Mark Billings as its new chief executive officer, effective immediately. 

Billings will remain chairman of the company, and Greg Hahn, who has served as interim president and CEO, will remain president of Canamex.

Hahn took over the role in May, when previous chief executive Bob Kramer passed away suddenly.

Canamex said Billings has been a director of the company since 2009, and is familiar with both its Bruner gold project in Nevada and the Aranka North gold property in Guyana.

Billings was until recently a senior executive and director at Argex Titanium, a Montreal-based near-term producer of titanium oxide. He co-founded Argex in 2007.

He has also been a director for a number of other junior resource companies, and from 2004 to 2006, was VP of corporate finance for Desjardins Securities.

"I firmly believe that we are sitting on a great opportunity in Nevada with our Bruner Gold Project in Nye County," said Billings.

"As the 2014 drilling campaign is winding down, our team is eager to move towards completing an NI 43-101-compliant mineral resource estimate, which we hope to share with our shareholders and the investing public in early 2015. 

"This report will set the stage for moving the Bruner Gold Project closer to production."

Earlier this month, Canamex intersected more near-surface gold at the northeast end of the historic resource area at Bruner. Of the highlights from the reverse circulation drilling was a shallow high grade intercept, which intersected 1.5 metres grading 14.4 grams per tone (g/t) gold from 6.1 to 7.6 metres in hole B-1444.  This hole, when re-tested from a larger pulp, returned 29 g/t gold.

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Thu, 13 Nov 2014 12:15:00 -0500 https://ca.proactiveinvestors.com/companies/news/104189/canamex-resources-welcomes-mark-billings-as-new-ceo-58136.html
<![CDATA[News - Canamex returns more high grade gold at northeast end of Bruner's historic resource area ]]> https://ca.proactiveinvestors.com/companies/news/103962/canamex-returns-more-high-grade-gold-at-northeast-end-of-bruners-historic-resource-area-57830.html Canamex Resources (CVE:CSQ)(OTCQX:CNMXF) said it has intersected more near-surface gold at the northeast end of the historic resource area at its Bruner gold project in Nevada, after returning more drilling results from its ongoing program.

Of the highlights from the reverse circulation drilling is a shallow high grade intercept, Canamex said, which intersected 1.5 metres grading 14.4 grams per tone (g/t) gold from 6.1 to 7.6 metres in hole B-1444. This hole, when re-tested from a larger pulp, returned 29 g/t gold, according to the Vancouver, BC-based company's statement.

The junior gold explorer said this suggests there is particulate gold in this intercept. 

Further down the hole, the company intersected a lower grade interval from 36.8 to 77.7 metres grading 0.477 g/t gold. 

According to Canamex, the hole is the most northern of its drill pattern, with the gold found still open to the north. The company has moved its drill to the adjacent site about 30 metres to the north of the intercept in hole B-1444 to see if it can intersect the entire high grade interval in a fence of holes, it said.

Once drilling has been completed at Bruner, the company will compile all the results for the preparation of a maiden NI 43-101 compliant resource estimate. The resource estimate is expected by the first quarter of next year, Canamex said.

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Mon, 03 Nov 2014 09:20:00 -0500 https://ca.proactiveinvestors.com/companies/news/103962/canamex-returns-more-high-grade-gold-at-northeast-end-of-bruners-historic-resource-area-57830.html
<![CDATA[News - Canamex technical report on Aranka North project advises $500,000 drilling program ]]> https://ca.proactiveinvestors.com/companies/news/103934/canamex-technical-report-on-aranka-north-project-advises-500000-drilling-program-57789.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) has filed an NI 43-101 compliant technical report for its Aranka North gold project in Guyana, and says it recommends a $500,000 diamond drilling program to test the heart of the gold anomaly identified. 

The junior mineral explorer, in a statement released late Wednesday, said it is in discussions with several entities with regards to possibly funding the proposed campaign.

Located approximately 140 kilometres northwest of Guyana's capital, Georgetown, the Aranka North property consists of 98,057 acres in a region on trend with major gold discoveries by Guyana Goldfields at Aurora and Sulphur Rose/Aranka and Sandspring Resources at Toroparu.  

Canamex purchased airborne geophysical data on the asset when the property was acquired from GMV Minerals, with initial work identifying some 15 large anomalies, all of which measured 2 to 4 km long and 1 to 3 km wide. The company has since conducted an initial stream sediment sampling program from a total of 85 sample sites, which set the stage for a more intense program focused on the new 25-sq km priority target. 

Results from this latter program included anomalous gold with values ranging up to 12,234 ppb gold, Canamex said. The company then designed a grid soil sampling program focused on two key targets, the Camp Anomaly and the Ridge Anomaly, the last of which Canamex completed initial auger drilling on a total of 80 holes.

Earlier this month, Canamex again revealed high grade core drilling results from its Bruner gold project in Nevada, specifically in the Penelas East zone. The junior explorer drilled 22.9 metres grading 3.29 grams per tonne (g/t) gold from 221.6 to 244.5 metres depth in core hole B-1446C.

Once drilling has been completed at Bruner, the company will compile all the results for the preparation of a maiden NI 43-101 compliant resource estimate. The resource estimate is expected by the first quarter of next year, Canamex said.

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Thu, 30 Oct 2014 15:37:00 -0400 https://ca.proactiveinvestors.com/companies/news/103934/canamex-technical-report-on-aranka-north-project-advises-500000-drilling-program-57789.html
<![CDATA[News - Canamex's northern drilling at Penelas East zone continues success ]]> https://ca.proactiveinvestors.com/companies/news/103754/canamexs-northern-drilling-at-penelas-east-zone-continues-success-57551.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) has done it again, revealing high grade core drilling results from its Bruner gold project in Nevada, specifically in the Penelas East zone.

The junior explorer drilled 22.9 metres grading 3.29 grams per tonne (g/t) gold from 221.6 to 244.5 metres depth in core hole B-1446C, according to the Vancouver, BC-based company's statement released earlier today.

The hole was drilled at the open northern extension of the Penelas East zone, Canamex said.

The intercept includes a 1.52 metre wide high grade interval grading 37.5 g/t gold, it added.

Several other zones were also intersected higher in the hole, with these intercepts at the far northern end of drilling at the Penelas East discovery area. Canamex said the nearest neighbour hole to the north is over 100 metres away, meaning the area remains wide open to expansion in the north.

A second core hole was also drilled into the high grade target area, with results expected shortly, the company said.

Canamex began its 2014 drilling program at its Bruner project in early March, after closing a financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million. 

Once drilling has been completed, the junior gold explorer will compile all the results for the preparation of a maiden NI 43-101 compliant resource estimate. A site visit by a qualified person under NI 43-101 standards has already been completed in anticipation of receving all the data.

The resource estimate is expected by the first quarter of next year, Canamex said.

The company is also approaching the completion of its total expenditure commitment of $6 million to earn a 70 percent interest in the Bruner project, triggering a 70-30 joint venture with Patriot Gold Corp.

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Tue, 21 Oct 2014 10:15:00 -0400 https://ca.proactiveinvestors.com/companies/news/103754/canamexs-northern-drilling-at-penelas-east-zone-continues-success-57551.html
<![CDATA[News - Canamex Resources says Penelas East discovery may increase in strength to the north ]]> https://ca.proactiveinvestors.com/companies/news/103559/canamex-resources-says-penelas-east-discovery-may-increase-in-strength-to-the-north-57261.html Canamex Resources Corp. (CVE:CSQ) (OTCQX:CNMXF) has unveiled more results from its reverse circulation drilling program at its Bruner gold project in Nevada as it gets closer to achieving its goal of preparing a maiden resource estimate for the asset.

Of the highlights, the company returned 25.9 metres grading 2.37 grams per tonne (g/t) gold at the top of hole B-1437, which was drilled at the northern extension of the Penelas East zone.

Canamex said the discovery area remains wide open to the north for expansion, with the closest drill hole to the north over 100 metres away.

"We are impressed that the Penelas East mineral system remains robust at the northern end of our drilling to date, and may be increasing in strength northward," said president and interim chief executive officer Greg Hahn. 

"With continued drilling through the balance of the 2014 field season we will come very close to completing our total expenditure commitment of $6 million to earn a 70% interest in the Bruner Project, and thereby trigger a 70:30 joint venture with the underlying optionor, Patriot Gold Corp."

Canamex began its 2014 drilling program at its Bruner project in early March, after closing a financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million. 

Once drilling has been completed, the junior gold explorer will compile all the results for the preparation of a maiden NI 43-101 compliant resource estimate. A site visit by a qualified person under NI 43-101 standards has already been completed in anticipation of receving all the data.

The resource estimate is expected by the first quarter of next year, Canamex said.

Earlier last month, Canamex said that follow-up sampling on high grade drill intervals at its Bruner project returned 40 percent higher gold grades than previously. The junior gold explorer is thus reviewing all the plus 3 g/t gold intercepts from its 2012-2014 drilling program, and requesting metallic screen assays where the previous fire assay data suggest there is a potential particulate gold issue.

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Tue, 07 Oct 2014 10:32:00 -0400 https://ca.proactiveinvestors.com/companies/news/103559/canamex-resources-says-penelas-east-discovery-may-increase-in-strength-to-the-north-57261.html
<![CDATA[News - Canamex Resources closes $1.5 mln financing, Hecla increases stake ]]> https://ca.proactiveinvestors.com/companies/news/103532/canamex-resources-closes-15-mln-financing-hecla-increases-stake-57222.html Canamex Resources  (CVE:CSQ)(OTCQX:CNMXF) has closed its equity financing announced last month, raising a total of $1.5 million, with existing shareholder Hecla Mining increasing its stake in the company through the offering.

The company issued a total of 7.26 million units at a price of 21 cents apiece, with each unit made up of one common share and one half of a share purchase warrant. Every warrant entitles the holder to buy one additional share at a price of 30 cents, for a period of two years. 

Canamex said the proceeds will be used for the exploration and development of its Bruner gold project in Nevada, as well as for general working capital.

Three company insiders, together with Hecla, directly or indirectly subscribed for a total of 3.93 million units in the financing.

"We are delighted that Hecla continues to support the company, as they add a wealth of experience in the gold exploration and mining sector, and we believe they share our vision for our flagship Bruner Gold Project," said president Greg Hahn.

Earlier last month, Canamex said that follow-up sampling on high grade drill intervals at its Bruner project returned 40 percent higher gold grades than previously.

The company found more visible gold this year in its drilling at the project than it has in the past, which prompted a review of its sample preparation and analytical procedures. In reverse circulation drill hole B-1430, the company decided to order metallic screen analyses on the high grade interval, after seeing visible gold from the reverse circulation drill cutting reject stream.

The metallic screen returned an average grade for the 3-metre interval tested of 20.25 grams per tonne (g/t) gold, compared to the original reported 14.33 g/t gold. The results confirmed, Canamex said, that the gold is not necessarily coarse, but is "particulate" and requires attention to sample preparation and assaying procedures.

The junior gold explorer is thus reviewing all the plus 3 g/t gold intercepts from its 2012-2014 drilling program, and requesting metallic screen assays where the previous fire assay data suggest there is a potential particulate gold issue.

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Fri, 03 Oct 2014 14:53:00 -0400 https://ca.proactiveinvestors.com/companies/news/103532/canamex-resources-closes-15-mln-financing-hecla-increases-stake-57222.html
<![CDATA[News - Canamex rallies on news of much higher grade intervals at Bruner than previously thought ]]> https://ca.proactiveinvestors.com/companies/news/103203/canamex-rallies-on-news-of-much-higher-grade-intervals-at-bruner-than-previously-thought-56740.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) says that follow-up sampling on high grade drill intervals at its Bruner gold project in Nevada has returned 40 percent higher gold grades than previously.

The company said Thursday it has found more visible gold this year in its drilling at the project than it has in the past, which prompted a review of its sample preparation and analytical procedures.

In reverse circulation drill hole B-1430, the company decided to order metallic screen analyses on the high grade interval, after seeing visible gold from the reverse circulation drill cutting reject stream.

The metallic screen returned an average grade for the 3-metre interval tested of 20.25 grams per tonne (g/t) gold, compared to the original reported 14.33 g/t gold, according to the Vancouver, BC-based company's statement released earlier Thursday.

Shares increased 5 percent to 21 Canadian cents this morning, stretching year-to-date gains to more than triple, and just four cents shy of its 52-week high.

The results confirm, Canamex said, that the gold is not necessarily coarse, but is "particulate" and requires attention to sample preparation and assaying procedures to properly quantify the gold content of each drill interval containing visible gold.

The junior gold explorer is planning ro review all the plus 3 g/t gold intercepts from its 2012-2014 drilling program, and request metallic screen assays where the previous fire assay data suggest there is a potential particulate gold issue.

"We are excited by the appearance of visible gold in our drilling this year, and the implications this has for higher grade portions of the gold mineralized system at Bruner," said president and interim chief executive officer, Greg Hahn.

"We have a ways to go to define the high-grade zones and their dimensions and limits, but I am confident additional drilling in the remainder of 2014 will provide more encouragement for continued testing of these deeper higher-grade zones of the Bruner gold property."

Canamex said it will restart core drilling at Bruner to follow up on the high grade intercept found in reverse circulation drill hole B-1436, with further such drilling to depend on these results and its availability of funds.

Last month, the gold explorer reported high grade mineralization at the open northern extension of the Penelas East zone at Bruner. The company, which is advancing the Nevada property via a $1.75 million drilling campaign, reported reverse circulation drill hole B-1436 returned 9.1 metres grading 11.9 g/t gold at the bottom of the hole, from approximately 228 to 237 metres depth.

It said that the hole unfortunately bottomed out there, with the full extent of this mineralized zone remaining untested.

Earlier this week, the company also announced it is raising up to $1.5 million through a private placement financing, with the proceeds to be used for the exploration and development of Bruner.

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Thu, 11 Sep 2014 11:10:00 -0400 https://ca.proactiveinvestors.com/companies/news/103203/canamex-rallies-on-news-of-much-higher-grade-intervals-at-bruner-than-previously-thought-56740.html
<![CDATA[News - Canamex Resources to raise up to $1.5 mln via private placement ]]> https://ca.proactiveinvestors.com/companies/news/103151/canamex-resources-to-raise-up-to-15-mln-via-private-placement-56670.html Canamex Resources (CVE:CSQ) is raising up to $1.5 million through a private placement financing, the company said late Monday. 

The company plans to issue up to 7.14 million units at a price of 21 cents apiece, with each unit made up of one common share and one half of a share purchase warrant. Every warrant will entitle the holder to buy one additional share at a price of 30 cents, for a period of two years. 

Canamex said the proceeds will be used for the exploration and development of its Bruner gold project in Nevada, as well as for general working capital.

Three company insiders will be directly or indirectly participating in the private placement for a total of up to 952,382 units, according to Canamex's statement.

Last month, the gold explorer reported the latest drilling results from its Bruner gold project, which unveiled high grade mineralization at the open northern extension of the Penelas East zone.

The company, which is advancing the Nevada property via a $1.75 million drilling campaign this year, reported reverse circulation drill hole B-1436 returned 9.1 metres grading 11.9 grams per tonne (g/t) gold at the bottom of the hole, from approximately 228 to 237 metres depth.

Canamex said that the hole unfortunately bottomed out there, with the full extent of this mineralized zone remaining untested. The area will be the target of follow-up drilling, as it remains open to the west and north.

The newest results suggest the potential for a deeper, gold-bearing breccia body, Canamex said.

Canamex began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

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Tue, 09 Sep 2014 10:11:00 -0400 https://ca.proactiveinvestors.com/companies/news/103151/canamex-resources-to-raise-up-to-15-mln-via-private-placement-56670.html
<![CDATA[News - Canamex's latest drilling suggests presence of deeper, gold-bearing body at Bruner ]]> https://ca.proactiveinvestors.com/companies/news/102764/canamexs-latest-drilling-suggests-presence-of-deeper-gold-bearing-body-at-bruner-56091.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) (FSE:CX6) jumped more than 10 percent ahead of reporting the latest drilling results from its Bruner gold project in Nevada, which unveiled high grade mineralization at the open northern extension of the Penelas East zone.

The company, which is advancing the Nevada property via a $1.75 million drilling campaign this year, reported reverse circulation drill hole B-1436 returned 9.1 metres grading 11.9 grams per tonne (g/t) gold at the bottom of the hole, from approximately 228 to 237 metres depth.

Canamex said that the hole unfortunately bottomed out there, with the full extent of this mineralized zone remaining untested. The area will be the target of follow-up drilling, as it remains open to the west and north.

According to the Vancouver, BC-based company's statement, the rock type encompassing the high grade mineralization is similar to the host rock identified in previous drilling within the nearby Penelas East zone.

The newest results suggest the potential for a deeper, gold-bearing breccia body, Canamex said.

"We remain impressed by the diverse geologic environments where we are discovering gold on the Bruner Project," said president and chief executive, Greg Hahn.

"While this challenges our geologic team to understand the geology fully, it encourages us to continue drilling to fully flesh out the extent of these gold intercepts and the potential resources."

Other highlights from the latest drilling results included reverse circulation hole B-1433, which intersected 29 metres of 1.46 g/t gold at the old Penelas Mine target area, which is located about halfway between the historic resource area and the Penelas East zone.

The company said there are also results pending from six holes drilled in the historic resource area east zone. 

Canamex began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

The junior explorer's shares rose more than 10 percent to 21.5 Canadian cents, before trading was halted at around 12:20pm ET in advance of the drilling results. Shares have since resumed trading.

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Tue, 12 Aug 2014 13:06:00 -0400 https://ca.proactiveinvestors.com/companies/news/102764/canamexs-latest-drilling-suggests-presence-of-deeper-gold-bearing-body-at-bruner-56091.html
<![CDATA[News - Canamex Resources drills first hole to intersect the plane of Penelas Vein at historic depths ]]> https://ca.proactiveinvestors.com/companies/news/102388/canamex-resources-drills-first-hole-to-intersect-the-plane-of-penelas-vein-at-historic-depths-55572.html Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) has unveiled more results from its Bruner gold project drilling program in Nevada, with the latest results hailing from the Penelas mine zone. 

The company told investors that reverse circulation drill hole B-1430, which was drilled roughly halfway between the historic resource area and the new discovery area at Penelas East, intersected 4.6 metres grading 11.1 grams per tonne (g/t) gold within a wider zone of 19.8 metres grading 3.24 g/t gold.

This is the first drill hole to intersect the plane of the Penelas Vein structure at the depths where it was mined historically, Canamex said. The vein was the source of historic mining between 1929 and 1941, when it produced roughly 100,000 tons of material.

The newest drilling revealed visible gold in the cuttings of the Penelas Vein, according to Canamex's statement released earlier today.

Two additional holes were also drilled in the same structure at similar depths, with one of the holes, B-1433, also intersecting the vein from 720 to 735 feet. Samples from this intercept are currently in the lab, with results awaited, Canamex said.

The company will also plan further drilling on the vein once all of the data are evaluated.

Earlier this month, the junior gold explorer released drilling results which it said confirmed the presence of a higher grade zone that has yet to be properly quantified, in the East zone of the historic resource area. The East Zone area remains open along strike to the north and south and is largely untested by drilling, Canamex said, with work underway to assess the best access to drill stations to continue drilling the open extensions. 

Canamex began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

The company said in May that both reverse circulation and core drilling results are pending from the Penelas East discovery area at the site.

Other drill holes reported Monday were also drilled in the plane of the section of hole B-1430, but they were much higher up the dip of the Penelas Vein structure, said the Canadian explorer.

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Mon, 21 Jul 2014 09:11:00 -0400 https://ca.proactiveinvestors.com/companies/news/102388/canamex-resources-drills-first-hole-to-intersect-the-plane-of-penelas-vein-at-historic-depths-55572.html
<![CDATA[News - UPDATE: Canamex hits over 44 metres grading nearly 7 g/t gold at Bruner project; shares hit new 1-year high ]]> https://ca.proactiveinvestors.com/companies/news/102147/update-canamex-hits-over-44-metres-grading-nearly-7-gt-gold-at-bruner-project-shares-hit-new-1-year-high-55224.html ***Updated with the latest share price data at 9:58am ET***

Canamex Resources (CVE:CSQ) (OTCQX:CNMXF) has announced reverse circulation drilling results from its Bruner gold project in Nevada which the company says confirm the presence of a higher grade zone that has yet to be properly quantified. 

In a statement released early Monday, the junior explorer told investors that reverse circulation drill hole B-1425, which was drilled into the East Zone of the historic resource area, returned 44.2 metres grading 6.97 grams per tonne (g/t) gold. Within this zone was a high grade interval, from 18.3 to 25.9 metres, which graded 27.91 g/t gold and 327.3 g/t silver, the company said.

This hole, along with others reported Monday that were also drilled into the East Zone of the historic area, confirm there is a higher grade zone that needs to be properly drilled to include in a NI 43-101 compliant resource estimate, according to Canamex's statement. 

The East Zone area remains open along strike to the north and south and is largely untested by drilling, Canamex said, with work underway to assess the best access to drill stations to continue drilling the open extensions. 

Other holes reported in the East Zone today included hole B-1424, which returned 47.3 metres grading 3.44 g/t gold. 

On the section containing the holes reported, the East Zone is approximately 30.5 metres wide, 61 metres thick and lies within 20 feet of surface, Canamex said.

Canamex began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

The company said in May that both reverse circulation and core drilling results are pending from the Penelas East discovery area at the site.

Canamex is also currently looking for ways to realize value for its Aranka North property in Guyana after issuing the final stage of share payments to GMV Minerals in late June, as per an option agreement signed in 2011. The company now has a 100% stake in the asset, which is currently on care and maintenance status, with Canamex curtailing field activities until further notice. 

Shares of the Canadian junior, which were halted Friday in advance of the news and resumed trading shortly after the announcement this morning, rallied over 23% in early deals to 17 cents, a new 52-week high. 

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Mon, 07 Jul 2014 08:55:00 -0400 https://ca.proactiveinvestors.com/companies/news/102147/update-canamex-hits-over-44-metres-grading-nearly-7-gt-gold-at-bruner-project-shares-hit-new-1-year-high-55224.html
<![CDATA[News - Canamex completes option on Aranka North for 100% stake as it assesses ways to realize value ]]> https://ca.proactiveinvestors.com/companies/news/102064/canamex-completes-option-on-aranka-north-for-100-stake-as-it-assesses-ways-to-realize-value-55104.html Canamex Resources Corp. (CVE:CSQ)(OTCQX:CNMXF) said it has issued the final stage of share payments to GMV Minerals as per an option agreement on the Aranka North property in Guyana signed in 2011, giving the junior explorer a 100% stake in the asset.

The company said that on June 25, a total of 1.0 million common shares were issued to GMV, representing the last of three staged share payments that were required under the option and joint venture agreement. 

By securing 100% of the asset, the company said it will look for ways to realize value for the property that its management believes is not currently reflected in Canamex's share price. The project is currently on care and maintenance status, with Canamex curtailing field activities at the site until further notice.

The Aranka North property is spread across 98,000 acres in a propsective gold region in Guyana, and lies northeast of major gold discoveries by Guyana Goldfields at Aurora and Aranka/Sulphur Rose, according to Canamex's statement.

The company has found two prominent gold-in-soil anomalies at Aranka North, and completed a 120-hole power auger drilling program to define the geometry of the anomalies. 

Canamex was given the option to acquire up to 100% of Aranka North by making cash payments to GMV totaling US$520,628, spending US$1.0 million in exploration work before December 31, 2013 and issuing a total of 3.75 million shares to GMV, all  of which have now been issued.

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Mon, 30 Jun 2014 10:13:00 -0400 https://ca.proactiveinvestors.com/companies/news/102064/canamex-completes-option-on-aranka-north-for-100-stake-as-it-assesses-ways-to-realize-value-55104.html
<![CDATA[News - Canamex gets closer to quantifying historic resource at Bruner with latest results ]]> https://ca.proactiveinvestors.com/companies/news/101986/canamex-gets-closer-to-quantifying-historic-resource-at-bruner-with-latest-results-55003.html Canamex Resources Corp. (CVE:CSQ)(OTCQX:CNMXF) has unveiled more drill results from the historic resource area at its Bruner gold project in Nevada, with the company saying the assays prove its theory that there is a higher grade interior zone within the region that has not yet been fully defined.

Of the highlights, the company said reverse circulation drill hole B-1419 intersected 53.4 metres grading 1.84 grams per tonne (g/t) gold within 89.9 metres grading 1.21 g/t gold. 

This hole connects mineralized intervals in two holes reported previously, Canamex said, with the cross section displaying the drill hole results showing the gold mineralized zone trends to surface above the reported intercepts. 

Hole B-1418, which intersected the mineralized zone about 75 feet below the reported intercept in hole B-1419, hit multiple zones of mineralization, the junior explorer said, totaling 76.2 metres at 0.82 g/t gold.

The main mineralized zone on the section that hosts these two holes is approximately 64 metres wide and 97.6 metres thick, Canamex said, and lies within 20 feet from surface. The area remains open along strike to the north, and is largely untested by drilling, it added. 

The company is now working to find the best access to drill stations to continue testing the northern extension of this mineralized zone. According to Canamex, the entire main mineralized zone lies at shallow depths below the surface, making it ideal for open pit mining. 

Once the drilling of this shallow zone is complete, the company said it should have enough detailed information to quantify the historic resource under NI 43-101 compliant standards. 

Canamex began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

The company said late last month that both reverse circulation and core drilling results are pending from the Penelas East discovery area at the site.

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Wed, 25 Jun 2014 09:15:00 -0400 https://ca.proactiveinvestors.com/companies/news/101986/canamex-gets-closer-to-quantifying-historic-resource-at-bruner-with-latest-results-55003.html
<![CDATA[News - Canamex Resources releases more drill results from historic area at Bruner, with goal of outlining initial resource ]]> https://ca.proactiveinvestors.com/companies/news/101756/canamex-resources-releases-more-drill-results-from-historic-area-at-bruner-with-goal-of-outlining-initial-resource--54685.html Canamex Resources Corp. (CVE:CSQ)(OTCQX:CNMXF) has unveiled more results from reverse circulation drilling at the historic resource area of its Bruner gold project in Nevada, which confirm the company's view that there is a high grade interior zone within the region surrounded by a lower grade halo.

Of the highlights from the results reported Wednesday, the company drilled 47.3 metres of 1.5 grams per tonne (g/t) gold within an interval of 114.3 metres grading 0.87 g/t gold.

The junior gold explorer said the intercept demonstrates that the gold zone at this location of the main mineralized area comes to surface. 

Other results reported include hole B-1415, which intersected multiple mineralized zones totaling 27.4 metres grading 0.49 g/t gold, and B-1417, which returned 70.12 metres grading 0.55 g/t. 

The company said that with ongoing drilling of the historic resource area, it is continuing to advance its understanding of the host geology and distribution of gold at Bruner, with the hopes of quantifying the historic resource under NI 43-101 standards after enough drilling has been completed.

According to Canamex's statement, the entire main mineralized zone lies at a very shallow depth below the surface, making it suitable for open pit mining.

Canamex began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

The company said late last month that both reverse circulation and core drilling results are pending from the Penelas East discovery area at the site.

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Wed, 11 Jun 2014 09:58:00 -0400 https://ca.proactiveinvestors.com/companies/news/101756/canamex-resources-releases-more-drill-results-from-historic-area-at-bruner-with-goal-of-outlining-initial-resource--54685.html
<![CDATA[News - Canamex Resources intersects more high grades at historic area of Bruner project ]]> https://ca.proactiveinvestors.com/companies/news/101595/canamex-resources-intersects-more-high-grades-at-historic-area-of-bruner-project-54480.html Canamex Resources Corp. (CVE:CSQ)(OTCQX:CNMXF) has unveiled more results from its drilling programs at the Bruner gold project in Nevada, saying these latest holes show that there are more high grade zones within the historic resource area at the site that have not been identified or sufficiently tested. 

Of the highlights, the company said reverse circulation drill hole B-1412 returned 6.1 metres of 11.24 grams per tonne (g/t) gold and 203.975 g/t silver within 41.2 metres grading 2.078 g/t gold and 39.5 g/t silver. 

This hole is located about 75 feet from hole B-1404C which was reported last month, and shows the continuity of a high grade portion within the main mineralized zone of the historic resource area, Canamex said. 

It added that the latest intercept is "markedly more silver-rich" than previously completed drill holes in this area, and is indicative of potential gold-silver zoning within the deposit that remains to be quantified. 

Other drill results reported today include core hole B-1408C in the east mineralized zone, which intersected 21.3 metres grading 1.698 g/t gold. The junior gold explorer said additional drilling of this shallow mineralized area is in the planning stages. 

Canamex said Monday that these newest results show that continued drilling is needed to define these zones, which are "considerably higher in grade than the reported average grade of the historic resource area". 

The company is improving its understanding of the host geology in the historic area as well as the distribution of gold with ongoing drilling, which should allow Canamex to upgrade the historic resource to NI 43-101 compliant standards. 

Canamex began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

The company said late last month that both reverse circulation and core drilling results are pending from the Penelas East discovery area at the site.

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Mon, 02 Jun 2014 08:54:00 -0400 https://ca.proactiveinvestors.com/companies/news/101595/canamex-resources-intersects-more-high-grades-at-historic-area-of-bruner-project-54480.html
<![CDATA[News - Canamex Resources climbs on core drill results from historic area at Bruner project ]]> https://ca.proactiveinvestors.com/companies/news/101428/canamex-resources-climbs-on-core-drill-results-from-historic-area-at-bruner-project-54248.html Shares of Canamex Resources Corp. (CVE:CSQ)(OTCQX:CNMXF) surged Wednesday after the gold explorer announced results from its core drilling program at the Bruner gold project in Nevada, including an intercept of 70.1 metres grading 3.17 grams per tonne (g/t) gold.

The intercept is from core hole B-1404C, which was drilled in the historic resource area of the project at nearly right angles to the interpreted strike of mineralization, the company said.

The intersection included an intercept of 1.5 metres grading a whopping 102 g/t gold.

The stock jumped to as high as 12 cents in Toronto today, just two cents shy of its 52-week high of 14 cents. 

The hole is the second best in the historic resource area following hole B-1340 in 2013, which returned 57.9 metres of 5.23 g/t gold.

Canamex said Wednesday that the two holes are about 100 feet from each other and indicate continuity of a high grade portion within this mineralized zone of the historic resource area.

The company is awaiting more results from between these two holes, which it hopes will further define the zone.

The junior gold explorer said the results support its interpretation that there are high grade zones within the historic resource area that have not been identified or sufficiently tested by historic drilling. It is planning to continue drilling to define these zones, which have "considerably higher" grades than the reported average for the area. 

"With ongoing drilling of this exciting mineralized zone, we continue to develop our understanding of the host geology, geometry and distribution of gold mineralization at Bruner, which should allow us to quantify the gold mineralized zones under NI 43-101 standards for reporting purposes after sufficient drilling has been completed," Canamex said in its release. 

Last week, the company announced the unexpected death of its chief executive Robert Kramer, a day later appointing president and COO Greg Hahn to fill the role in the interim.

Canamex began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

The company said Wednesday that both reverse circulation and core drilling results are pending from the Penelas East discovery area at the site.

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Wed, 21 May 2014 13:14:00 -0400 https://ca.proactiveinvestors.com/companies/news/101428/canamex-resources-climbs-on-core-drill-results-from-historic-area-at-bruner-project-54248.html
<![CDATA[News - Canamex Resources appoints Hahn as interim CEO ]]> https://ca.proactiveinvestors.com/companies/news/101297/canamex-resources-appoints-hahn-as-interim-ceo-54070.html Canamex Resources Corp (CVE:CSQ)(OTCQX:CNMXF) has appointed Greg Hahn, president and COO, as the company's interim CEO following the unexpected death of prior chief executive Robert Kramer. 

The company said that Hahn will take Kramer's place in the role on an interim basis while Canamex begins a search for a new CEO. 

The board has already set up a search committee, chaired by Mike Stark. Canamex said Tuesday it has also appointed Mark Billings as non-executive chairman to its board.

"The Board and management are committed to continuing to pursue Bob Kramer's vision of the company and advance the Bruner gold project as one of the next near-term gold development projects in Nevada," the statement read. 

Canamex announced the sudden passing away of Kramer on Monday. "It is with unfathomable sorrow that we must advise of the sudden and unforeseen passing of our dear friend, colleague and leader, Robert Kramer, Chairman and CEO of the Company," the company said yesterday in a release.

The junior gold explorer began its 2014 drilling program at its Bruner project in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. 

 

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Tue, 13 May 2014 12:44:00 -0400 https://ca.proactiveinvestors.com/companies/news/101297/canamex-resources-appoints-hahn-as-interim-ceo-54070.html
<![CDATA[News - Canamex updates on drilling activity at Bruner ]]> https://ca.proactiveinvestors.com/companies/news/101175/canamex-updates-on-drilling-activity-at-bruner-53910.html Canamex Resources Corp. (CVE:CSQ)(OTCQX:CNMXF) provided Tuesday an update on its Bruner gold project in Nevada, saying that core drilling is continuing at the historic resource area on site, with a reverse circulation rig to be moved to the zone once this is completed. 

Assay results for five core holes in the area are still pending, and will be reported as a unit so the results can be placed in an appropriate geological context, Canamex said.

Once the core drilling at the historic resource area is finished, the core drill will move to the Penelas East discovery area, and a core hole will be drilled to offset a significant intercept of gold found last year, which intersected 79.9 metres of 1.509 grams per tonne (g/t) gold.

Currently at Penelas East, there is a reverse circulation (RC) drill that began drill testing geophysical anomalies last month. So far, three reverse circulation holes have been completed, with the aim of testing two of the five untested anomalies. Assay results are pending on all of these drill holes, Canamex said.

The RC rig will move to the historic resource area once core drilling is completed there, and will continue to define the geometry and grade of the main mineralized zone. Further RC drilling at Penelas East will be determined once the first RC results are received.

The company said the RC rig gives it the ability to drill multiple inclinations from a single set up without having to physically move the drill rig, reducing the surface disturbance associated with exploration drilling and complying with permits. The rig is also an advantage given the tight drill sites it has available in steep terrain in the historic resource area of the Bruner property.

The junior gold explorer begun its 2014 drilling program at Bruner in early March, after closing the financing with Gold Resource Corp (NYSEMKT:GORO) to raise upwards of $2 million, with expectations that the $1.75 million campaign will take about six months to complete. The program is to be made up of roughly 1,000 metres of core drilling and 9,000 metres of reverse circulation drilling.

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Tue, 06 May 2014 10:24:00 -0400 https://ca.proactiveinvestors.com/companies/news/101175/canamex-updates-on-drilling-activity-at-bruner-53910.html