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.
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.
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 [email protected]