Convertible Debentures — Forbearance Agreement

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January 19th, 2021 — Vancouver, Canada — Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) provides an update regarding the status of its secured convertible debentures issued by the Company on October 25, 2016 and December 23, 2016 and which matured on October 25, 2019 and December 23, 2019, respectively (the “Debentures”).

The Company is pleased to announce that a Forbearance Agreement dated December 21st, 2020 has been executed by the Company and Concept Capital Management Ltd., Sinigual Sociedad S.A. and Golden Capital Consulting Ltd (“Majority Debenture Holders”).

The Majority Debenture Holders have agreed to further forbear from exercising their rights and remedies under the Debentures and related security documents (collectively, the “Loan Documents”) arising from the delays by the Company in paying interest and repaying the principal of the Debentures, provided that the Outstanding Obligations under the Debentures are repaid on or before March 31st, 2021. …

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Gold Forward Sale — Update

July 15th, 2020 — Vancouver, Canada — Canamex Gold Corp. (the “Company” or “Canamex”) (CSE: CSQ) provides an update regarding the status of its Gold Forward Sale Agreement (the “Agreement”) with MetalStream Ltd (“MetalStream”), originally annouced January 27, 2020 and an extension announced April 23, 2020.

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, 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.

The subsequent second and third tranches payable under the Agreement have also been amended as…

Technology is delivering miners innovative and independent finance options

Financing options for junior miners have traditionally been predatory, benefiting financiers at the expense of smaller miners and the wider society. The current situation did not occur by chance but rather represents a logical response from a finance industry for whom enormous profits create control paradigms that deliver even greater profits.

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Fortunately, in 2020 there are now innovative opportunities changing the way miners can raise finance. Before we look at solutions it’s important to understand where we stand and why there are so many problems with the existing situation.

Oligopoly: a state of limited competition, in which a market is shared by a small number of producers or sellers.

A combination of Blockchain & Gold could deliver the best of both worlds.

As an asset class, how does Bitcoin compare to physical gold mined from the ground? Is Bitcoin more like a commodity or a currency, does it represent an effective investment vehicle or is it an unpredictable trend?

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Investors are always looking for asset classes to help maintain value and diversify their portfolios. Throughout history, gold has been seen as a strong investment to hedge with. As Bitcoin matures is there an opportunity that it could end up as an asset that could be compared to gold as a safe store of value?

The recent tensions between the United States and Iran saw both the prices of gold and bitcoin rise as investors sought to move their investments into safer assets. The tensions and concerns over escalating conflict helped to push gold to a seven-year peak and Bitcoin rose about 10%. Regardless of what regulators try to dictate these reactionary results are an indication that investors really do see both gold and Bitcoin as effective investment hedges in times of uncertainty. …

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The future for Bitcoin and it follows, other digital securities, as an institutional asset class, is linked to future price appreciation.

$NYXBT weekly chart below shows possibility of Bitcoin price testing its old highs around $18,000 by mid-year 2020.

One scenario is a run-up to $18,000 resistance, then a back-test of $13,000 late 2020. Then 2021 sees a break of price resistance at $18,000 with that number becoming future support.

If this scenario plays out, the future for Bitcoin, and other digital securities, as an institutional asset class, looks good.

The price of gold has powerful impacts on our economies

Since the dawn of humanity, gold has been considered a valuable and precious material but it is not until 643 B.C. and the Lydian minting of gold coins that we first start to see gold being used as a store of monetary value. In ancient times coins would have holes in the center and could be strung on cords. However, carrying precious metal around presented issues for convenience and security.

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“The desire of gold is not for gold. It is for the means of freedom and benefit.” — Ralph Emerson

The Roman emperor Augustus who reigned from 30 B.C. until 14 A.D set the price of gold at 45 coins to a pound of gold. Later, Marcus Aurelius Antoninus (211 and 217 A.D.) inflated gold’s value to 50 coins per pound. This had the impact of reducing the value of the coins while increasing the value of gold. The debasing of the gold currency happened again under Diocletian who raised the number of gold coins to the pound from 50 to 60. Finally, it was Constantine the Great, who pushed the value to 70 coins per pound during the years 306 A.D. to 337 A.D. These inflationary policies were used to raise finance for conflict and the adverse economic impact on society was compounded by rising taxes. …

Gold’s powerful medicinal values have been used since ancient times

Our current historical perspective on gold as a medicine dates back to ancient Egypt 5,000 years ago and the alchemists of Alexandria. Although access to gold was reserved primarily for the elite, those that could used gold for purifying the mind, body, and spirit. Their belief was that gold had a stimulating effect on life force energy and legends tell us that these ancient Egyptian alchemists were able to create an elixir of liquid gold which when consumed was able to perfect health, heal disease and restore youth.

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Gold was seen as a mystical substance in ancient Egypt, something that represented the natural embodiment of perfection. We know too that gold was used in dentistry because we have archaeological evidence to prove it. It is clear that the quality of dental craftsmanship in those times was excellent. We still use gold for dental work today because it is malleable, non-toxic and doesn’t tarnish or corrode. It’s estimated that around 13 tons of gold are used in dental work around the world every year. …

A journey through the attempt to peg fiat currencies to gold

The discovery of gold flakes in the American River at the base of the Sierra Nevada Mountains in 1848 sparked what would become known as the California Gold Rush. In 1861 the United States treasury secretary Salmon Chase was printing paper currency and the Gold Standard Act mandated that gold would be the only commodity accepted to redeem that paper currency. The law set the value of gold at $20.67 per ounce.

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Around this period other countries began adopting gold standards ensuring that their governments would redeem their paper currency for an equivalent value in gold. This had the effect of improving the speed of business as heavy golden coins or bullion did not need to be handled and this improved international trust in the developing global trade markets. The ultimate effect of gold standards were to give value to paper money as it was backed by something physical. …

A recent dip in prices has not dampened talk of the potential for a bullish market in precious metals moving into 2020.

Could we be set to witness the largest rally of the gold and silver markets in contemporary history? Market predictions are precarious exercises but several key factors which could encourage a bullish market deserve to be identified. Beyond the immediate trends impacting prices for precious metals, there exist opportunities for growth which are facilitated through emerging and innovative technologies.

Regardless of when the next bull market happens one fact is clear, technology will ensure that the next run will be different from all previous bull markets. …

Fascinating lessons for the future of Gold!

Gold’s integral relationship with our culture is still evolving and the history of gold is as fascinating as the role it plays in our world economy today. As the mining industry evolves with a new generation of technologies, it is instructive to look to the past for an understanding of how gold has impacted cultures.

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“The quantity of gold they have is endless” — Marco Polo

It was inevitable that our collective ancestors first came into contact with gold as reflective yellow nuggets scattered throughout their environment. Gold can probably lay claim to being the first metal that ancient civilizations engaged with and it holds a unique place in our human psyche. …


David Vincent

BEng, Dip. FP — Market technical analysis, investment banking, corporate advisory, capital markets.

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