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.