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.
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.