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CMX Gold & Silver ( (TSE:CXC) ) has shared an announcement.
CMX Gold & Silver Corp. announced the closing of a non-brokered private placement of secured convertible debentures totaling $184,500, intended to settle debt and cover general corporate expenses. The debentures, convertible into common shares, were issued partly for cash and partly in settlement of existing debt. This strategic financial move allows CMX to manage its financial obligations while involving related parties in the transaction, which is exempt from certain regulatory requirements due to its market capitalization. The funds will also support the company’s operational needs, including the annual audit of its financial statements.
More about CMX Gold & Silver
CMX Gold & Silver Corp. is a company focused on mining operations, primarily dealing with silver, lead, zinc, and copper. The company owns the Clayton Silver Property in Idaho, USA, which includes the former Clayton silver-lead-zinc mine. The property has significant potential for resource development, and CMX plans to conduct extensive geophysical and drilling programs to assess and expand its mineralized zones.
YTD Price Performance: -6.25%
Average Trading Volume: 28,274
Technical Sentiment Signal: Hold
Learn more about CXC stock on TipRanks’ Stock Analysis page.