Canamex Gold Corp (CVE:CSQ) told investors it had now secured the rights to six Ethereum blockchain smart contract token domain names, and ticker codes following the deal last week with Harmonychain, a Norwegian fintech company.
An addendum has been signed between the two in regard to six token domain names, and ticker codes.
It means Canamex now has the rights to use any of these six exclusive token domain names for any future token offering, if any of them are completed successfully by December 31, 2018.
GOLDUSA (ticker GUSA) GOLD United States
GOLD10Y (ticker G10Y) GOLD 10 Years
GOLD30Y (ticker G30Y) GOLD 30 Years
SILVERUSA (ticker SUSA) SILVER United States
SILVER10Y (ticker S10Y) SILVER 10 Years
SILVER30Y (ticker S30Y) SILVER 30 Years
These six domains are covered by Harmonychain AS patents pending Bether (better asset-backed ether system) a commodity asset backed future with call, based on blockchain technology.
Notably, as Canamex is still in the development phase with its Bruner gold project and in exploration phase with its Silverton gold property, also in Nevada, and has yet to produce any gold or silver or other resources, a token offering linked to the production of such mineral resources will be speculative and there is no definitive time horizon in which commercial production of such resources will commence.
Canamex completed a positive PEA (preliminary economic assessment) n the Bruner gold project in April, 2016.
Based on additional drilling conducted on the property, the company has requested a new PEA and resource estimate, expected to be completed before the end of 2017.
Canamex shares eased 4% to C$0.24 in Toronto.