Canamex Gold launches SilverUSA private placement

Oct 5, 2018

2018-10-03 12:09 ET – News Release

Mr. David Vincent reports

SILVERUSA SECURITY TOKEN OFFERING NON-BROKERED PRIVATE PLACEMENT

Canamex Gold Corp. has launched a non-brokered private placement to accredited investors, of SilverUSA Ethereum ERC20 tokens through a security token offering. This is the first time ever that a silver-asset-backed security token, deployed on a blockchain, has been offered by a North American exchange-listed public company.

Further general details of this offering, are as follows:

Initial security token offering for SilverUSA tokens at 30-per-cent discount to the spot silver price;
Exposure to silver-backed ERC20 cryptotoken on the Ethereum blockchain;
Each token is an interest in one-half ounce silver at initial token price of $5 (U.S.) per token;
This is a 30-per-cent discount to $7.25 (U.S.) value per token, based on $14.50 (U.S.) silver spot price.
Minimum subscription is 500 SilverUSA tokens, or $2,500 (U.S.);
Purchase methods accepted are fiat currencies, Ethereum (ETH) and Bitcoin (BTC);
Total SilverUSA tokens minted for issue is 210 million hard cap.

The company reserves the right to increase the initial security token offering subscription offer price if silver prices increase during the offer period. It is anticipated that this initial security token offering will provide additional financing to complete mine permitting and development work to a shovel-ready stage (production decision and construction financing) at the Bruner gold and silver project in Nevada.

Subscription

Purchase methods accepted are fiat currencies, Ethereum (ETH) and Bitcoin (BTC). The accredited investor subscription process is digital through an on-line portal.

David Vincent, chief executive officer of the company, commented: “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. This innovative cryptotoken royalty streaming model provides far more value, transparency, better terms and conditions and better profit margins within a SilverUSA ecosystem (SilverUSA tokenholders, shareholders, other junior mining companies and investors), than can be offered by traditional existing models, relying on legacy funding models. ”

Considerations and risks

An investment in the SilverUSA tokens offered through this security token offering 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 of 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 SilverUSA tokens. Relevant considerations and risks associated with the security token offering are comprehensively detailed in a white paper on the company’s website.

About Canamex Gold Corp.

Canamex Gold is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE), and is engaged in fast-tracking toward development of the Bruner gold development project in the prolific gold jurisdiction of Nye county, Nevada. Canamex is now moving the Bruner gold project forward into permitting and development on the strength of a positive updated preliminary economic assessment. The company’s second asset is the Silverton gold property, a gold exploration project in Nevada that has geological similarities to the Long Canyon gold deposit in Nevada, which is being mined by Newmont Mining.

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/