Canamex Gold arranges security token offering

Jun 12, 2018

2018-06-11 11:07 ET – News Release

Mr. David Vincent reports

NEW SUBSIDIARY – CHAINDELIVERY ROYALTIES CORP. AND GOLDUSA SECURITY TOKEN OFFERING – SUBSCRIPTION UPDATE

Canamex Gold Corp. has launched a non-brokered private placement to accredited investors of GoldUSA Ethereum ERC20 cryptotokens via a security token offering.

STO subscription update

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

Due to the significant demand at lower subscription amounts, the company has also elected to decrease the STO minimum subscription amount from 25,000 GoldUSA tokens to 2,500 GoldUSA tokens, for valid subscriptions by accredited investors received from 9 a.m. PT on Monday, June 11, 2018. In accordance with the STO terms, the company has elected to maintain the STO subscription offer price at $4.25 (U.S.) per GoldUSA token, until further notice. This is a 35-per-cent discount to $6.50 (U.S.) value per token, based on $1,300-(U.S.)-per-ounce gold price.

Further general details of the STO are as follows:

Exposure to gold-asset-backed token at a substantial discount to the spot gold price;
Each GoldUSA token represents one-200th of an ounce of gold;
Minimum subscription: 2,500 GoldUSA tokens;
Purchase methods accepted: fiat currencies, Ethereum and Bitcoin;
For white paper, frequently asked questions and other considerations, see the Canamex website.

New subsidiary — ChainDelivery Royalties Corp.

ChainDelivery Royalties was incorporated in British Columbia, Canada, on June 1, 2018, and is a 100-per-cent-owned subsidiary of the company. The company has assigned all its intellectual property rights to CHAIN, in relation to security tokenization of metal royalty streams, and associated financing models. In the future, the company may decide to spin out CHAIN into a separate cryptoroyalties trading company, via an equity security token offering. The market will be kept informed, when a final decision is made in this regard.

The company owns all the rights, via its agreements with Harmonychain AS, to the trademark ChainDelivery, which was approved as a registered trademark in Norway by Patentkontoret within blockchain technology on April 26, 2018. The Norwegian Industrial Property Office is part of the Patent Cooperation Treaty, comprising 152 countries in the world including the United States and Canada. Approved applications will be awarded priority in subsequent applications in other Patent Cooperation Treaty countries.

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.

https://canamexgold.com/news/