Canamex {CSE: CSQ}
Has come up with a novel idea for a mining company, and decided to issue gold and silver backed security tokens to accredited investors. These are called ‘GoldUSA’ and ‘SilverUSA’
These tokens will be traded on the Malta Digital Exchange.
Canamex Gold signs MOU with Malta Digital Exchange
2018-10-29 07:47 ET – News Release
Mr. David Vincent reports
MEMORANDUM OF UNDERSTANDING MALTA DIGITAL EXCHANGE
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Canamex Gold Corp. has executed a memorandum of understanding with Malta Digital Exchange Holdings PLC (MDXH), a public company incorporated in Malta.
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MDXH intends to establish and operate a Multilateral Trading Facility, the Malta Digital Exchange (“MDX”), a secondary market exchange platform which would allow the trading of securities in the form of tokens using cryptographic encryption (“Security Tokens”).
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MDX will be a multi-asset digital exchange, which focuses on virtual financial assets and security tokens.
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As advised in prior press releases, Canamex is in the process of issuing, via non-brokered private placements to accredited investors, security tokens backed by gold and silver royalties and metal streams (“GOLDUSA Tokens” and “SILVERUSA Tokens”).
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Canamex is now exploring the possibility to list and admit to trading these GOLDUSA Tokens and SILVERUSA Tokens on the MDX. The MOU enables MDX to advise and collaborate with Canamex, with regard to the listing and the potential trading of the GOLDUSA Tokens and the SILVERUSA Tokens on the MDX platform, subject to the satisfaction of the admissibility requirements. The MOU is non-binding, and will provide the cornerstone and structure for any and all possibly impending binding contracts between the parties.
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About MDX
The cryptocurrency and blockchain sector saw exponential growth in 2017 . N ow a push towards regulation will provide trust and a safe environment to transition into the global economy.
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Malta Digital Exchange MDX will be a multi-asset digital exchange, which focuses on virtual financial assets (VFA) and security tokens. MDX will feature instant order matching T+0, adjustable and special fees (maker-taker), minimum and partial executions and limited and unlimited orders. Malta, being at the forefront of regulatory framework for blockchain technology provides the perfect jurisdiction for MDX’s institutional-grade platform, along with its proprietary technology Paritech, designed for high volume and high-performance B2B clients.
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This will enable greater market efficiency, accessibility, liquidity and transparency within the global capital markets.
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Security tokens are the next generation of regulated securities, which are being built on blockchain-based infrastructure rather than being restricted to legacy systems.
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The corporate vision of MDX is to be the world’s premier security token exchange , based on the track record of Mr Rick Klink, the founder of MDX. Mr Klink has over 20 years experience in the Fintech sector, and he is one of the founders of one of Australia’s largest digital institutional grade brokerage platforms, with over 1.5 million clients and an annual trading turnover in excess of $AUD 50 billion.
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About Canamex Canamex Gold Corp. is a public listed company registered in British Columbia, Canada, trading on the Canadian Securities Exchange (CSE), and is engaged in pre- development of the Bruner gold and silver project in the prolific gold jurisdiction of Nye County, Nevada.
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