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Canamex Resources Corp

Canamex Gold announces increased price of its token offering

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

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The firm launched a placing to accredited investors GOLDUSA Ethereum ERC20 cypto tokens via a security token offering (STO)
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 cypto tokens via a security token offering (STO).
 
The price offered was US$4 per token, which is 38% discount to US$ 6.50 value per token, based on a gold price of US$1300 per ounce.
 
However, Canamex did note that the price was available for a limited time only from the launch date of May 15 and reserved the right to increase it.
 
Canamex thus has 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. 
 
This is 37% discount to US$6.50 value per token, based on a gold price of US$ 1,300 per ounce.
 
"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 has said.
 
"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.

Quick facts: Canamex Resources Corp

Price: $0.04

Market: CSE
Market Cap: $2.46 m
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