Canamex signs LOI for $20-million facility

May 28, 2018

2018-05-28 09:55 ET – News Release

Mr. David Vincent reports

$CAD 20 MILLION FINANCING FACILITY GOLDUSA SECURITY TOKEN OFFERING – PRICE INCREASE

Canamex Gold Corp. has entered into a non-binding letter of intent with Global Emerging Markets for a $20-million financing facility.

$20-million financing facility

The company has entered into a non-binding letter of intent with Global Emerging for a $20-million financing facility. The terms are non-binding until definitive documentation governing the proposed financing is executed.

Global Emergin is $3.4-billion (U.S) alternative investment group that manages a diverse set of investment vehicles and has offices in Paris, New York and Los Angeles. Since 1991, Global Emerging has completed more than 370 transactions across 70 countries. Further background information regarding Global Emerging can be found at its website.

Security token offering price increase

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.

In accordance with the STO terms, the company has elected to increase the STO subscription offer price for subscriptions received from 9 a.m. PST on Wednesday, May 30, 2018, to $4.25 (U.S.) per GoldUSA token. This is a 35-per-cent discount to $6.50 (U.S.) value per token, based on a gold price of $1,300 (U.S.) per ounce.

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: 25,000 GoldUSA tokens;
Purchase methods accepted: fiat currencies, Ethereum and Bitcoin;
For whitepaper, frequently asked questions, and other considerations, visit the company’s website;
For subscription, visit the company’s website;
GoldUSA ERC20 security token Etherscan technical details are available on-line.

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/