{"id":469689,"date":"2020-07-16T05:46:20","date_gmt":"2020-07-16T09:46:20","guid":{"rendered":"https:\/\/goldtadise.com\/?p=469689"},"modified":"2020-07-16T05:46:20","modified_gmt":"2020-07-16T09:46:20","slug":"canamex-news","status":"publish","type":"post","link":"https:\/\/goldtadise.com\/?p=469689","title":{"rendered":"Canamex news"},"content":{"rendered":"\n\n\n\n\n
CANAMEX GOLD CORP – NEWS RELEASE<\/strong><\/td>\n<\/tr>\n
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Gold Forward Sale – Update<\/strong><\/h1>\n<\/td>\n<\/tr>\n

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July 15th<\/sup>, 2020 – Vancouver, Canada – Canamex Gold Corp. (the \u201cCompany<\/strong>\u201d or \u201cCanamex<\/strong>\u201d) (CSE: CSQ) provides an update regarding the status of its Gold Forward Sale Agreement (the \u201cAgreement<\/strong>\u201d) with MetalStream Ltd (\u201cMetalStream<\/strong>\u201d), originally\u00a0announced\u00a0January 27, 2020 and an extension announced April 23, 2020.<\/p>\n

The initial first tranche payment of US$5,000,000 has been increased to US$5,500,000; and will now be completed after July 14th<\/sup>, 2020 due to unforeseen banking delays, experienced by MetalStream. Despite these banking delays, the parties remain fully committed to the Agreement; and the first tranche payment is expected to be completed shortly.<\/p>\n

The subsequent second and third tranches payable under the Agreement have also been amended as follows:<\/p>\n

a)\u00a0\u00a0\u00a0\u00a0Second tranche payment of US$5,000,000 has been increased to US$5,500,000.<\/p>\n

b)\u00a0\u00a0\u00a0\u00a0Third tranche payment of US$25,000,000 has been reduced to US$24,000,000.<\/p>\n

The second and third tranches will be paid in accordance with the terms of the Agreement.<\/p>\n

Rohan Cavaliero, Managing Director of MetalStream stated\u00a0\u201cOur private placement is progressing very well, and with these banking delays now behind us, we remain extremely confident of full subscriptions by the close of the offering at the end of July, 2020. On that basis, we fully expect to make the initial first tranche payment to Canamex shortly thereafter. \u201c<\/em><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

CANAMEX GOLD CORP – NEWS RELEASE Gold Forward Sale – Update July 15th, 2020 – Vancouver, Canada – Canamex Gold Corp. (the \u201cCompany\u201d or \u201cCanamex\u201d) (CSE: CSQ) provides an update regarding the status of its Gold Forward Sale Agreement (the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2676,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-469689","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/469689","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/users\/2676"}],"replies":[{"embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=469689"}],"version-history":[{"count":0,"href":"https:\/\/goldtadise.com\/index.php?rest_route=\/wp\/v2\/posts\/469689\/revisions"}],"wp:attachment":[{"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=469689"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=469689"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldtadise.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=469689"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}