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FAQ: CMX Gold & Silver Corp.'s Clayton Project Exploration and Private Placement
TL;DR
CMX Gold & Silver Corp. offers investors early access to a potentially lucrative silver mining opportunity through a $2 million private placement for exploration.
CMX Gold & Silver Corp. will use private placement proceeds for a geophysical survey and initial diamond drilling at its Clayton Silver Project in Idaho.
Revitalizing the historic Clayton Silver Mine could create jobs and responsibly develop domestic mineral resources for sustainable economic growth.
The Clayton Silver Mine in Idaho presents a unique geological opportunity missed by previous miners, now being explored with modern techniques.
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CMX Gold & Silver Corp. announced plans to undertake a non-brokered private placement financing for up to CAN$2,000,000 to fund exploration at its Clayton Silver Project in Idaho.
The proceeds will be used to conduct a geophysical survey and an initial diamond drilling program at the company's flagship Clayton Silver Project to explore what it describes as a 'unique untapped geological opportunity missed by all previous miners.'
The funds will be utilized specifically for a geophysical survey of the mine and an initial diamond drilling program on the Clayton Silver Project.
The project is located in the Bayhorse Mining District of central Idaho, USA, and comprises a 1,028-acre land package.
It is a past-producing underground operation with a long history and significant remaining exploration potential, with CMX seeing evidence for previously missed silver prospects.
CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) is an exploration-stage company that is advancing the historic Clayton Silver Mine in Idaho.
CMX is undertaking a non-brokered private placement financing, meaning it is raising capital directly from investors without using an investment bank or broker as an intermediary.
The latest news and updates relating to CMX (CXXMF) are available in the company's newsroom at https://ibn.fm/CXXMF.
This information was disseminated on behalf of CMX Gold & Silver Corp. by Rocks & Stocks, a specialized communications platform within the InvestorBrandNetwork (IBN) portfolio, and may include paid advertising.
Curated from InvestorBrandNetwork (IBN)
