Vancouver, Canada – October 9, 2018 (Investorideas.com Newswire) Canamex Gold Corp. (the “Firm”) (CSE: CSQ) is happy to advise that it has launched a non-brokered non-public placement to accredited buyers, of SILVERUSA (“SILVERUSA” or “Token”) Ethereum ERC20 Tokens via a Safety Token Offering (“STO”). That is the primary time ever that a silver-asset-backed safety token, deployed on a block chain, has been provided by a North American Alternate listed public firm.
Additional normal particulars of this providing, are as follows:
- Preliminary STO for SILVERUSA Tokens at 30% low cost to the spot silver worth
- Publicity to silver-backed ERC20 crypto-token on the Ethereum blockchain
- Every token is an curiosity in 1/2 ozsilver at preliminary token worth of $US 5.00 per token
- That is 30% low cost to $US 25 worth per token, primarily based on $US 14.50 silver spot worth
- Minimal subscription: 500 SILVERUSA Tokens or $US 2,500
- Buy strategies accepted: Fiat currencies, Ethereum (ETH) and Bitcoin (BTC)
- Whole SILVERUSA Tokens minted for challenge is 210 million hard-cap
- For whitepaper, FAQs, and different issues: https://canamexgold.com/silverusa/
- For subscription: https://ezclosing.ca/private-placements/canamex-silverusa/
An funding within the SILVERUSA Tokens provided via this STO, ought to be thought of speculative as a result of varied components, together with the character of the business by which the Firm operates. Threat components regarding the Firm are mentioned in sure of public disclosures of the Firm which can be found for overview on the Firm’s SEDAR profile at www.sedar.com Threat components ought to be rigorously reviewed and thought of by an investor earlier than a resolution is made to put money into the SILVERUSA Tokens. Related issues and dangers related to the STO are comprehensively detailed within the whitepaper right here: https://canamexgold.com/silverusa/
and have additionally been included beneath, at Annex A, connected.
The Firm reserves the fitting to extend the preliminary STO subscription supply worth, if silver costs enhance in the course of the supply interval. It’s anticipated that this preliminary STO will present extra financing to finish mine allowing and growth work, to a shovel-ready stage (manufacturing resolution and building financing), on the Bruner Gold and Silver Venture in Nevada. The quantity being focused by the Firm for this providing is as much as $5 million.
Buy strategies accepted: Fiat currencies, Ethereum (ETH) and Bitcoin (BTC). The accredited investor subscription course of is digital, via a web-based portal right here: https://ezclosing.ca/private-placements/canamex-silverusa/.
Feedback from David Vincent, Chief Government Officer of the Firm:
“Our firm has seen the numerous scaling potential for this revolutionary financing approach due to its sheer simplicity for creating win-win conditions for all of the stakeholders and buyers concerned. This revolutionary crypto-token royalty streaming mannequin offers way more worth, transparency, higher phrases and circumstances and higher revenue margins inside a SILVERUSA ecosystem (SILVERUSA token holders, shareholders, different junior mining firms and buyers), than might be provided by conventional present fashions, counting on legacy funding fashions.”
In regards to the Firm
Canamex Gold Corp. is a public listed firm registered in British Columbia, Canada, buying and selling on the Canadian Securities Alternate (CSE), and is engaged in fast-tracking towards growth of the Bruner Gold Growth Venture within the prolific gold jurisdiction of Nye County, Nevada. The area is dwelling to a number of producing and past-producing mines alongside the Walker Lane Pattern. Canamex accomplished a constructive Preliminary Financial Evaluation (PEA) on the Bruner Gold and Silver Growth Venture in 2016. Primarily based on extra drilling performed on the property, the corporate accomplished an up to date PEA in 2018, which elevated the assets and improved the economics of the mission. Canamex is now shifting the Bruner Gold Venture ahead into allowing and growth on the power of this constructive up to date PEA. The second asset is the Silverton Gold property, a gold exploration mission, in Nevada, which has geological similarities to the Lengthy Canyon gold deposit in Nevada, being mined by Newmont Mining. The Firm has signed Agreements with Harmonychain AS, for Ethereum Blockchain Sensible Contract Safety Tokens for Gold and Silver, as a substitute technique of elevating capital, probably with out fairness dilution. The Agreements safe the unique rights to varied Ethereum Token domains, ticker codes, and related good contracts, for Gold and Silver. The rights additionally lengthen to patents pending and emblems related to these safety token financing fashions, together with ChainDelivery™ royalty stream supply queuing techniques. Additional data is obtainable at https://canamexgold.com
Greg Hahn (CPG#7122), President & COO of the Firm is the certified one that has reviewed and authorized all technical disclosures on this launch.
ON BEHALF OF THE BOARD
Chief Government Officer and Director
Chairman of the Board
Contact: (604) 833-4278
The Canadian Securities Alternate accepts no duty for the adequacy or accuracy of this launch.
Annex A: SILVERUSA Token – Threat Disclosures
The Bruner Nevada Venture
Because the Firm continues to be within the growth part with its Gold and Silver Venture, in Nevada, it has but to provide any Silver. The Firm has not but made a manufacturing resolution and is elevating capital to advance the mission via allowing and feasibility, the outcomes of that are anticipated to help a manufacturing resolution upon completion. While the 2018 up to date PEA is constructive, and recommends advancing the mission via allowing and feasibility, it’s primarily based upon mineral assets solely, and never mineral reserves. Due to this fact, a SILVERUSA token linked to the manufacturing of such mineral assets is speculative, as there isn’t any definitive time horizon by which business manufacturing of such assets may start.
The SILVERUSA Token successfully might be a long-term royalty curiosity on the Nevada Gold and Silver Venture, which would require the supply of Silver if or when business manufacturing is achieved. Buyers of Frequent Shares of the Firm ought to be conscious that a SILVERUSA Token holder will obtain Silver, if or when business manufacturing is achieved and after redemptions of Silver are glad, the Firm may promote any remaining assets out there.
The SILVERUSA Tokens don’t give the SILVERUSA Token holder any fairness or different curiosity within the Firm equal to a holder of frequent shares together with, for better certainty, a proper to take part within the earnings or the distribution of belongings of the Firm, nor any voting rights in any assembly of the safety holders of the Firm. A holder of a SILVERUSA Token is just entitled to supply of Silver, on request, pursuant to the phrases of the SILVERUSA STO. The Firm will obtain money for this SILVERUSA Token providing and may have an obligation to fulfill Silver supply requests, when business manufacturing is achieved.
Corporations proceed to look to different sources of finance and inventive deal buildings for progress and funding. These have included joint preparations, divestments, mergers, streaming, royalty offers and offtake-linked pre-financing. New funding automobiles have emerged on this different finance area to reap the benefits of investor demand for commodity exposures and the Firm demand for funding. Various finance, by its nature revolutionary and deal particular, doesn’t discover a pure ‘dwelling’ within the IFRS accounting requirements. Every association is exclusive and there’s no ‘one dimension suits all’. There isn’t a ‘business steering’ in IFRS that units out the accounting for these buildings. The authorized type of this SILVERUSA Token providing, is a contract to purchase a non-financial merchandise, the required commodity, on this case Silver. Contracts to purchase or promote non-financial objects are usually thought of executionary contracts and are exterior the scope of the monetary devices steering.
The settlement is in Silver bullion, and supply will occur in accordance with the phrases of the white-paper. Due to this fact, that is like a Royalty mannequin, however totally different in that there isn’t any share of manufacturing acquired via a royalty association, however a mounted quantity of manufacturing that’s acquired, via the SILVERUSA Tokens. The Firm might be deemed to promote a proportion of assets, as a result of a outlined amount of assets might be transferred to SILVERUSA Token holder from the Nevada mission. Settlement is predicated on Silver bullion supply and never internet revenue, so SILVERUSA Token holder’s entitlement mainly represents a portion of the quantity of Silver manufacturing.
Fluctuations within the worth of Silver may materially have an effect on an funding within the SILVERUSA Tokens.
Even when the SILVERUSA Tokens are held for the long-term, that will not lead to a revenue, since Silver markets have traditionally skilled prolonged intervals of flat or declining costs, along with sharp fluctuations. If the value of Silver declines, the Firm expects the worth of the SILVERUSA Tokens to say no.
Silver bullion is traded internationally, and its worth is mostly quoted in U.S. . The value of the SILVERUSA Tokens will rely upon, and sometimes fluctuate with, the value fluctuations of Silver. The value of Silver could also be affected at any time by many worldwide, financial, financial and political components, a lot of that are unpredictable.
Potential purchasers must independently decide the suitability of investing in SILVERUSA Tokens. Potential purchasers ought to decide whether or not an funding in SILVERUSA Tokens is suitable of their circumstances and will seek the advice of with their authorized, enterprise and tax advisors in evaluating the results of an funding within the SILVERUSA Tokens. An funding in SILVERUSA Tokens is just appropriate for buyers who: (i) have the requisite information and expertise in monetary and enterprise issues to judge the deserves and dangers of an funding in SILVERUSA Tokens; (ii) have entry to, and information of, acceptable analytical instruments to judge such deserves and dangers within the context of their monetary scenario; and (iii) can bear the potential financial dangers of any funding within the SILVERUSA Tokens.
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