CMX Extends Convertible Debentures and Warrants Expiry Dates

CMX Gold & Silver Corp. (CSE:CXC; OTC:CXXMF) (“CMX” or the “Company”) announces holders of its secured convertible debentures in the principal amount of $295,641 have agreed to extend the maturity date of the debentures by one year to January 31, 2019. In consideration of the holders of the debentures agreeing to extend the maturity date, the Company has agreed to extend by one year the date that the holders may convert the debentures into common shares of CMX. The debentures bear interest at 6% per annum and are convertible into common shares of the Company at $0.125 per share until the new maturity date.
The Company has extended the expiry dates for certain of its share purchase warrants (“Warrants”) currently outstanding. In consideration of the continuing early stage of development of CMX’s business as a result of the protracted downturn in the junior mining sector, the Company concluded that it is in the best interests of the shareholders and the Company to extend the expiry dates of the Warrants by one year. No other terms of the Warrants were changed.
The new expiry dates for Warrants are as follows: 100,000 issued January 11, 2016 exercisable at $0.20 per share expiring January 11, 2019 and 3,275,000 issued April 16, 2014 exercisable at $0.20 per share expiring April 16, 2019.
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this news release.
About CMX Gold & Silver Corp. (CSE:CXC; OTC:CXXMF): CMX Gold and Silver Corp. is a junior mining company working to re-activate its 100%-owned Clayton Silver Property located in the State of Idaho, U.S.A. The property comprises approximately 276 ha (684 acres) in Custer County in south-central Idaho. For further information contact: Jan M. Alston, President & C.E.O. at (403) 457-2697 or at janalston@cmxgoldandsilver.com; or visit the Company’s Website: www.cmxgoldandsilver.com
Click here to connect with CMX Gold & Silver Corp. (CSE:CXC; OTC:CXXMF) for an Investor Presentation.

Source: www.stockwatch.com