Canamex Gold reduces STO price to $4 (U.S.) per token

Aug 21, 2018

2018-08-17 12:12 ET – News Release

Mr. David Vincent reports

GOLDUSA PRIVATE PLACEMENT – OFFER PRICE

On May 15, 2018, Canamex Gold Corp. launched a non-brokered private placement to accredited investors of GoldUSA of Ethereum ERC20 cryptotokens via a security token offering.

The company advised that the company reserved the right to amend the STO subscription offer price during the term of the placement. Therefore, as the spot price of gold has dropped over the last month, the company has elected to decrease the STO subscription offer price for subscriptions received from 9 a.m. PT on Monday, Aug. 20, 2018, to $4 (U.S.) per GoldUSA token. This maintains at least 30-per-cent discount to the current $6 (U.S.) value per token, using $1,200 (U.S.) per ounce spot gold price.

Further general details of the STO are as follows:

Exposure to gold-asset-backed token. Each GoldUSA token represents one-200th ounce of gold;
Minimum subscription: 1,000 GoldUSA tokens;
Purchase methods accepted: fiat currencies, Ethereum and Bitcoin (BTC);
For whitepaper, frequently asked questions and other considerations, visit the company’s website.

Considerations and risks

An investment in the GoldUSA tokens offered via this STO should be considered speculative due to various factors, including the nature of the industry in which the company operates. Risk factors relating to the company are discussed in certain public disclosures of the company, which are available for review on the company’s SEDAR profile. Risk factors should be carefully reviewed and considered by an investor before a decision is made to invest in the GoldUSA tokens. Relevant considerations and risks associated with the STO are comprehensively detailed in a report available on the company’s website.

About Canamex Gold Corp.

Canamex is engaged in fast-tracking toward development of the Bruner gold development project in the prolific gold jurisdiction of Nye county, Nevada. The region is home to several producing and past-producing mines along the Walker Lane trend. Canamex completed a positive preliminary economic assessment on the Bruner gold development project in 2016. Based on additional drilling conducted on the property, the company completed an updated PEA in 2018, which increased the resources and improved the economics of the project.

Greg Hahn (CPG No. 7122), president and chief operating officer of the company, is the qualified person who has reviewed and approved all technical disclosures in this release.

https://canamexgold.com/news/