CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF) Announces Exercised Warrants and Debentures; Positioned to Capitalize on the Current Precious Metals Market
Disseminated on behalf of CMX Gold & Silver Corp. (CSE: CXC) (OTC: CXXMF)and may include paid advertising. CMX Gold & Silver Corp., an exploration-stage company advancing the historic Clayton Silver Mine in Idaho, just announced that a total of 3,320,000 warrants were exercised for the purchase of 3,320,000 common shares at $0.10 a share. Debentures aggregating $190,000 of principal were also converted into 1,520,000 shares at a conversion price of $0.125 a share. 1,520,000 shares were exercised by the settlement of $152,000 of debt, with cash proceeds of $180,000 from the exercise of warrants for 1,800,000 shares applied to working…