CMX Gold &Silver Corp. (DB:6GS) announced a non-brokered private placement of 500,000 units at a price of CAD 0.1 per unit for gross proceeds of CAD 50,000 on September 17, 2015. Each unit consists of one common share and one common share purchase warrant.

Each warrant can be exercised to acquire one common share at a price of CAD 0.2 per share for a period of two years from the date of issue. The transaction included participation from a private company owned by the spouse of a senior officer. Post transaction, the company has 32,653,224 common shares issued and outstanding.