Canamex Gold launches STO to GOLDUSA investors

May 15, 2018

2018-05-15 16:00 ET – News Release

Mr. David Vincent reports

FIRST ASSET-BACKED SECURITY TOKEN OFFERING (STO) BY PUBLIC LISTED COMPANY

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

This is the first time ever that a gold-asset-backed cryptosecurity token has been offered by a North American exchange-listed public company.

The company invites accredited investors to join the next wave of the cryptocurrency revolution with this GOLDUSA security token paving the way, and setting the gold standard for asset-backed security tokens.

Further general details of this initial STO, are as follows:

GOLDUSA Tokens offered at a significant 40-per-cent discount to $1,350 (U.S.) per ounce gold price, but limited to the first week of subscriptions;
Exposure to gold-asset-backed token. Each GOLDUSA Token represents one/200 ounce of gold;
Price offered is only $4 (U.S.) per token, limited to the first week of subscriptions. This is a 40-per-cent discount to $6.75 (U.S.) value per token, based on $1,350 (U.S.) per ounce gold price;
Minimum subscription: 2,000 GOLDUSA Tokens;
Purchase methods accepted: fiat currencies, Ethereum (ETH) and Bitcoin (BTC);
For whitepaper, FAQs and other considerations: visit the company website.

Note: This pricing is available for a limited time only from the launch date, being Tuesday, May 15, 2018.

After that date, the company reserves the right to increase the initial STO subscription offer price, in accordance with the following indicative schedule, or earlier depending on demand.

From date                 Offer price   Offer price     Spot premium        Offer price
                            per token     per ounce   to offer price   discount to spot

Tuesday, May 15, 2018          $4.000          $800              69%                41%
Tuesday, May 22, 2018          $4.125          $825              64%                39%
Tuesday, May 29, 2018          $4.250          $850              59%                37%
Tuesday, June 5, 2018          $4.375          $875              54%                35%
Tuesday, June 12, 2018         $4.500          $900              50%                33%
Tuesday, June 19, 2018         $4.625          $925              46%                31%
Tuesday, June 26, 2018         $4.750          $950              42%                30%
Tuesday, July 3, 2018          $4.875          $975              38%                28%
Tuesday, July 10, 2018         $5.000        $1,000              35%                26%
Tuesday, July 17, 2018         $5.125        $1,025              32%                24%
Tuesday, July 24, 2018         $5.250        $1,050              29%                22%
Tuesday, July 31, 2018         $5.375        $1,075              26%                20%

Note: All prices in U.S. dollars.    
Assumption: Gold spot price $1,350 per ounce, but fluctuates daily with the market.

Subscription purchase methods accepted: fiat currencies, Ethereum and Bitcoin. The accredited investor subscription process is digital, via an on-line portal here:

Comments from David Vincent, chief executive officer of the company: “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 GOLDUSA ecosystem (GOLDUSA token holders, shareholders, other junior mining companies and investors), than can be offered by traditional existing models, relying on legacy ideas.”

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 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 GOLDUSA Tokens. Relevant considerations and risks associated with the STO are comprehensively detailed in the whitepaper here.

Gold royalty token holder — conversion offer

On Feb. 2, 2018, the company announced a non-brokered private placement of unlisted gold royalty tokens to accredited investors and this is now closed, with effect May 15, 2018; with the launch of this STO. All gold royalty token subscriptions received prior to May 15, 2018, will be processed, and the subscribers will be offered to convert into this STO at a discount to the STO price, by offering gold royalty token holders an additional 25 per cent in GOLDUSA tokens. For example, gold royalty token holder has 2,000 tokens, and elects to convert to GOLDUSA tokens. Gold royalty token holder receives 2,500 (2,000 plus 25-per-cent bonus) GOLDUSA tokens, under the same terms as this STO. The gold royalty tokens converted will be cancelled and the holder will be issued GOLDUSA tokens. This will also provide better liquidity and transferability for gold royalty token holders by electing to convert to GOLDUSA tokens. The company will write to each gold royalty token holder with details on the conversion offer.

About Canamex Gold Corp.

Canamex Gold is engaged in advancing the Bruner gold project, located 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 significantly advances the project.

https://canamexgold.com/news/