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Canamex Gold Corp

Canamex Gold launches new silverUSA Ethereum token offering

The initial offering to accredited investors is SILVERUSA tokens at a 30% discount to the spot silver price

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Canamex has launched another STO via blockchain

Canamex Gold Corp (CSE:CSQ) said it had launched a new security token offering (STO) - of SILVERUSA Ethereum ERC20 tokens.

This is the first time ever that a silver-asset-backed security token, deployed on a block chain, has been offered by a North American Exchange-listed public company, it said.

The initial offering to accredited investors is for SILVERUSA tokens is at a 30% discount to the spot silver price.

The minimum subscription is for 500 SILVERUSA Tokens or US$2,500. Each token is an interest in half an ounce of silver at the initial token price of US$5 per token.

"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," said David Vincent, the chief executive of Canamex.

"This innovative crypto-token royalty streaming model provides far more value, transparency, better terms and conditions and better profit margins within a SILVERUSA ecosystem (SILVERUSA ) token holders, shareholders, other junior mining companies and investors) than can be offered by traditional existing models, relying on legacy funding models."

Canamex Gold is focused on fast-tracking towards the development of the Bruner Gold Development Project in the prolific gold jurisdiction of Nye County, Nevada.

Quick facts: Canamex Gold Corp

Price: $0.04

Market: CSE
Market Cap: $2.46 m
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Canamex Gold Corp announce GoldUSA and SilverUSA crypto security tokens

Canamex Gold Corp (CSE:CSQ) CEO David Vincent and Malta Digital Exchange Executive Chairman Rick Klink joined Steve Darling of Proactive Investors on Skype to talk about Canamex offering security tokens backed by gold and silver royalties and metal streams. Canamex is now exploring the...

on 29/10/18

2 min read