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Canamex Gold moves towards C$20mln financing facility; raises price of security token offering

The company has inked a potential financing deal with Global Emerging markets

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The company also announced it will raise its security token offering price

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.

Quick facts: Canamex Resources Corp

Price: 0.04 CAD

CSE:CSQ
Market: CSE
Market Cap: $2.46 m
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Canamex Gold Corp announce GoldUSA and SilverUSA crypto security tokens

Canamex Gold Corp (CSE:CSQ) CEO David Vincent and Malta Digital Exchange Executive Chairman Rick Klink joined Steve Darling of Proactive Investors on Skype to talk about Canamex offering security tokens backed by gold and silver royalties and metal streams. Canamex is now exploring the...

on 29/10/18

2 min read