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An announcement from CMX Gold & Silver ( (TSE:CXC) ) is now available.
CMX Gold & Silver Corp. announced a private placement of 1,000,000 common shares and the exercise of 150,000 stock options, resulting in proceeds of $115,000. These funds will be used to pay outstanding consulting fees. The transaction involved insiders and constituted a ‘related party transaction,’ but was exempt from certain regulatory requirements due to the transaction’s scale relative to the company’s market capitalization. This development allows the company to expedite its financial obligations and potentially strengthen its operational positioning.
More about CMX Gold & Silver
CMX Gold & Silver Corp. is a company that operates in the mining industry, focusing on the exploration and development of its 100%-owned Clayton Silver Property in Idaho, USA. The property includes the former Clayton silver-lead-zinc mine and comprises approximately 684 acres in Custer County. The company plans to undertake work programs to assess resource potential and explore additional mineralized zones.
YTD Price Performance: 26.67%
Average Trading Volume: 10,572
Technical Sentiment Consensus Rating: Sell
Learn more about CXC stock on TipRanks’ Stock Analysis page.
