CMX Gold & Silver Corp. announced a anon-brokered private placement of up to 4,000,000 units at an issue price of CAD 0.09 per unit for gross proceeds of CAD 360,000 in June 1, 2022. Each unit consists of one common share and one-half of one common share purchase warrant.

Each unit will entitle the holder to purchase one additional common share at an exercise of CAD 0.18. The transaction is expected to close in June 2022. All securities to be issued pursuant to the offering will be subject to a hold period of four months plus a day from the date of issuance