The Future is Golden

Canamex Gold Corp has a 30 year history in precious metals exploration and mine development, and is currently focused on development of the Bruner gold and silver project in Nevada

ABOUT CANAMEX

Canamex Gold Corp

Owner and developer of the prolific Bruner gold and silver project in Nye County, Nevada. Canamex is financing the development of Bruner via the sale of metal streams.

Listed company with a 30 year history

Canamex is a Canadian listed (CSE: CSQ) mining corporation originally incorporated in 1987 specifically to carry out gold and mineral exploration. The Company is fully regulatorily compliant, with a strong mining development pedigree and a leadership team with diverse but complementary skills.

Future focused and innovative

Canamex is using a metal stream financing structure to fund development of the Bruner project. This allows Canamex to progress development without diluting shareholders or incurring expenses via debt financing.

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NEWS

Industry News & Views

24 April 2020

CANAMEX GOLD CORP. NEWS RELEASE 2020.04.23

Annual and Quarterly Statements — Filing Extension, Gold Forward Sale — Completion Date Extension

April 23th, 2020 — Vancouver, Canada — Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) is providing an update on the status of its quarterly and annual filings; and an update regarding the status of its gold forward sale agreement announced by the Company on January 27th, 2020.

Annual and Quarterly Filings — 45 Day Extension

The Company is providing an update on the status of the filing of its quarterly and annual financial statements, the accompanying management’s discussion and analysis, and related chief executive officer and chief financial officer certifications for the December 31/2019 year end annual filing and March 31/2020 quarterly filing.

On March 18, 2020, the Canadian Securities Administrators (CSA) announced that they will provide issuers with a 45-day filing extension for filings required on or before June 1, 2020 to allow issuers the time needed to focus on the many other business and financial reporting implications of COVID-19. The Company will rely on this exemption with respect to the December 31/2019 year end annual filing and the March 31/2020 quarterly filing; in accordance with BC Instrument 51–515, Temporary Exemption from Certain Corporate Finance Requirements.

Members of the Company’s management and other insiders are subject to a trading black-out policy that reflects the principles in section 9 of National Policy 11–207. The Company expects to file the documents on or before the end of the available 45-day extension periods for the annual and quarterly filing due dates. Updates on material business developments since the filing of the Company’s interim financial reports has been provided in prior press releases.

Gold Forward Sale — Completion Date Extension

The Company provides an update regarding the status of the gold forward sale agreement (the “Agreement”) executed with an arms-length third-party investor, MetalStream Ltd (the “Buyer” or “MetalStream”), as previously announced by the Company on January 27th, 2020. The Agreement is for total payments to the Company of USD$ 35 Million (CAD$ 50 Million).

Under the terms of the Agreement, Canamex Resources US Inc, (the “Supplier”) being a wholly owned subsidiary of the Company, has agreed to sell to the Buyer, a gold metal stream of 50,000 ounces of gold; with the first Cash Payment of USD $5 Million to be advanced to the Company on or before April 14th, 2020 (the “Completion Date”).

The Buyer and Supplier have agreed to amend the Agreement by extending this Completion date by 90-days to July 14th, 2020; due to the current Covid -19 pandemic response by State actors; and uncertainties associated with lifting of international and domestic movement control orders and lockdown restrictions imposed by these States.

About Canamex

Canamex is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE:CSQ), and is engaged in pre-development of the Bruner gold and silver 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 (PEA) on the Bruner 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. Canamex is now moving the Bruner project forward into permitting and development on the strength of this positive updated PEA. Further information is available at https://www.canamexgold.com/

Greg Hahn, Vice President, and a Certified Professional Geologist (#7122) is the Qualified Person under NI43–101 responsible for preparing and reviewing the data contained in this press release.

On Behalf of the Board

David Vincent

President and CEO

david.vincent@canamexgold.com

Mike Stark

Chairman

604.833.4278

mike.stark@canamexgold.com

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this release include statements with respect to future services to be provided to the Company, and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the availability of capital and financing required to continue the Company’s operations; uncertainty regarding the performance by other entities of contractual obligations; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this release, the Company has made numerous assumptions. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

To download a PDF version of this press release please click here.


CANAMEX GOLD CORP. NEWS RELEASE 2020.04.23 was originally published in Canamex Gold Corp on Medium, where people are continuing the conversation by highlighting and responding to this story.

29 January 2020

Blockchain — dismantling predatory pricing within the mining industry

Blockchain — dismantling predatory pricing within the mining industry

Technology is delivering miners innovative and independent finance options

Financing options for junior miners have traditionally been predatory, benefiting financiers at the expense of smaller miners and the wider society. The current situation did not occur by chance but rather represents a logical response from a finance industry for whom enormous profits create control paradigms that deliver even greater profits.

Fortunately, in 2020 there are now innovative opportunities changing the way miners can raise finance. Before we look at solutions it’s important to understand where we stand and why there are so many problems with the existing situation.

Oligopoly: a state of limited competition, in which a market is shared by a small number of producers or sellers.

Some participants view the mining industry as an oligopoly where a few large operators have the resources and finance to control the majority of the market. Access to finance is a key factor in defining who is accepted by the “club” of miners. It is conceivable that the actual shareholding of both the miners and the financiers is controlled by an even smaller group of private individuals, but that is beyond the scope of this article. However, it is evident that members of all oligopolistic markets remember the famous quotation:

“Competition is a sin.” — John D Rockefeller

There is no money in healthy competition and the throttling of finance has helped consolidate the mining industry into fewer and fewer hands. Traditionally there were two primary routes to raise financing for junior miners: issuing stock in the company or taking debt finance (loans). Neither of these options represents the best interests of junior miners shareholders, and both assist in consolidating the industry for the big players.

As in the traditional banking system, if a mine operator wishes to raise finance they are at liberty to search for a loan. Like all loans, collateral needs to be provided and interest paid on the principle. However, access to loans is becoming increasingly restricted and the interest payments are cost-prohibitive. If the loans are not carefully managed they have the potential to cripple miners in interest repayments which cannot be met.

The other traditional method for raising mine financing is through the issuance of more shares in the company, effectively diluting the existing ownership. If a miner dilutes their shareholding enough they become a prime target for absorption into the wider oligopolistic system. Both methods of traditional mine financing are precarious operations exposing junior miners to the risks of being targeted by market predators.

These two traditional paths to mine financing have adversely impacted the industry for all but the biggest miners and financiers. Through the throttling of finance options, the industry has been consolidated into fewer and fewer hands, creating the oligopolistic market characteristics we see today.

However, now we are beginning to see change happening within the industry, bringing a third and innovative financing option to junior miners. The development of blockchain-based security tokens that are asset-backed by future metal streams, has the potential to impact the entire financial landscape of the sector, and halt the consolidation of the industry into a true oligopoly.

Canamex Gold Corp. has recently signed a forward purchasing agreement with MetalStream Ltd, which is the issuer of the innovative MSGLD tokens. The value of MSGLD is derived from the future gold metal stream from its Bruner gold project, in Nevada USA. This model delivers value, security and liquidity for all market participants.

Security tokens represent physical assets on the blockchain and offer an immutable record of ownership. The ability to realize liquidity on gold resources and reserves, which are yet to be mined, brings vital financing needed for miners to undertake mining operations. Safety is intrinsic within the security token architecture as tokens can be reissued in the event of hacking or loss of access. These value propositions are ultimately enhanced by the fact that MetalStream Ltd is able to deliver gold to market at a minimum discount of 30% to the current spot price of gold. In addition, the model delivers value to all market participants circumventing the problems discussed above, associated with traditional mine financing.

Technology is bringing opportunities to junior miners which have not been available before. Gold is a vital ingredient in our economic systems and irreplaceable for numerous manufacturing and health applications. Access to this precious resource should not be restricted to only a few players profiting from an oligopoly. As the market begins to utilize the value proposition of gold metal stream backed security tokens. we can expect a more competitive future market where the opportunity to own gold is available for a wider segment of our economy, whilst providing a more cost-effective financing solution to junior miners.

For further information on Canamex please visit our website or email: info@canamexgold.com.


Blockchain — dismantling predatory pricing within the mining industry was originally published in Canamex Gold Corp on Medium, where people are continuing the conversation by highlighting and responding to this story.

27 January 2020

CANAMEX GOLD CORP. NEWS RELEASE 2020.01.27

USD$ 35 Million Gold Forward Purchase Agreement

January 27th, 2020 — Vancouver, Canada — Canamex Gold Corp. (the “Company” or “Canamex”) (CSE:CSQ) is pleased to announce that Canamex Resources U.S. Inc. (the “Supplier”) a wholly owned subsidiary of the Company, has entered into a definitive gold forward purchase agreement (the “Agreement”) with an arms-length third-party investor (the “Buyer”), for proceeds of up to USD$ 35 Million (CAD$ 46 Million). The proceeds will be allocated to the further development of the Bruner Gold Project (the “Project”) located in Nevada, USA.

General Terms of the Sale

Subject to the terms and conditions of the Agreement, the Supplier has agreed to sell to the Buyer, a metal stream of 50,000 ounces of gold. All deliveries to the Buyer of gold are in the form of certified bullion with a fineness grade of greater than 99.50% at a minimum of 5,000 ounces per year, commencing on the earlier of (i) 120 days after commercial production at the Project is declared by the Supplier and (ii) 36 months after the Completion Date, being April 14th, 2020.

Purchase Price

Subject to the terms and conditions of the Agreement, the Buyer will pay to the Supplier the following purchase price with respect to the gold that is sold and delivered by the Supplier to the Buyer:

1. Fixed price of USD$ 700.00 for each ounce of gold sold and delivered under the Agreement for an aggregate of USD$ 35,000,000; and

2. An aggregate of 9,900,000 equity securities, representing 9.9% of the fully diluted equity of the Buyer, to be paid and issued to the Company.

The Cash Payment will be advanced to the Supplier as follows:

A. USD $5,000,000 on or before April 14th, 2020, to discharge debentures and debenture security pledge, and registration of a 12.5% NSR on the Project in the name of the Buyer; and

B. USD $5,000,000 after the Supplier provides evidence to the Buyer of the registration of the 12.5% NSR in the name of the Buyer and discharge of the debenture security pledge; and

C. USD $25,000,000 after initial construction permitting is completed.

Royalty

The Supplier will register to the Buyer up to a 12.5% NSR over the Project, to be registered in the State of Nevada (the “Royalty”). The Buyer will not enforce payments against the Royalty, provided that the terms of the Agreement relating to the delivery of gold purchased under the Agreement are being met by the Supplier. The Royalty evidenced by the NSR filing will expire and be released against the Project upon the date all Purchased Gold has been delivered to the Buyer. If the Agreement is terminated for any reason prior to delivery of all gold purchased under the Agreement, then the Royalty shall survive such termination.

Right of First Refusal

The Buyer also has a right of first refusal to enter into a financing arrangement with the Supplier, after an initial 400,000 ounces of total production has been achieved, to purchase an additional gold metal stream from the Project of 12.5% of any future gold production, but limited to 50,000 ounces in total from additional resources, and deliverable at a minimum of 5,000 ounces per year commencing 120 days after commercial production is declared for additional resources, that have been placed into production. In the event that the Buyer exercises the right of first refusal, the Buyer shall pay to the Supplier a purchase price with respect to the gold of 60% of the prevailing gold spot price in effect as of the date on which the right is exercised. The right cannot be exercised before a Preliminary Economic Assessment that establishes the existence and the economic viability of additional resources at the Project is completed and released.

Website Update

The Company website has been updated to a new user-friendly and modern format. The Company website can be accessed at https://www.canamexgold.com/

About Canamex

Canamex is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE:CSQ), and is engaged in pre-development of the Bruner gold and silver 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 (PEA) on the Bruner 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. Canamex is now moving the Bruner project forward into permitting and development on the strength of this positive updated PEA. Further information is available at https://www.canamexgold.com/

Greg Hahn, Vice President, and a Certified Professional Geologist (#7122) is the Qualified Person under NI43–101 responsible for preparing and reviewing the data contained in this press release.

On Behalf of the Board

David Vincent

President and CEO

david.vincent@canamexgold.com

Mike Stark

Chairman

604.833.4278

mike.stark@canamexgold.com

The Canadian Securities Exchange accepts no responsibility for the adequacy or accuracy of this release.

FORWARD LOOKING INFORMATION

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release are forward-looking statements that involve various risks and uncertainties. Forward-looking statements in this release include statements with respect to future services to be provided to the Company, and other future plans, objectives or expectations of the Company. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include the availability of capital and financing required to continue the Company’s operations; uncertainty regarding the performance by other entities of contractual obligations; general economic, market or business conditions; competition and loss of key employees; regulatory changes and restrictions; timeliness of government or regulatory approvals; and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. In connection with the forward-looking information contained in this release, the Company has made numerous assumptions. The Company expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as otherwise required by applicable securities legislation.

To download a PDF version of this press release please click here.


CANAMEX GOLD CORP. NEWS RELEASE 2020.01.27 was originally published in Canamex Gold Corp on Medium, where people are continuing the conversation by highlighting and responding to this story.

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