CMX Announces Warrants Exercised, Debentures Converted And $0.25 Units Offering Proceeding

Executive Summary

• CMX Gold & Silver Corp. exercised 3,320,000 warrants and converted $190,000 of debentures into 1,520,000 common shares, injecting cash and demonstrating insider confidence in the Clayton Silver Project.
• The company is proceeding with a non‑brokered private placement targeting up to $2 million in gross proceeds (up to 8,000,000 units at $0.25 each) to fund geophysical surveys and an initial diamond drilling program on the flagship Idaho project.
• Proceeds from the warrant exercise ($180,000) will be applied to working capital; the first tranche of the private placement is expected to close in April 2026.

Key Details

• Warrant Exercise: 3,320,000 warrants exercised at $0.10 per share → 3,320,000 new common shares issued.
• Insider Participation: 2,300,000 of the exercised warrants were purchased by insiders.
• Debt Settlement Warrants: 1,520,000 shares issued in settlement of $152,000 of debt.
• Cash Proceeds from Warrants: $180,000 cash received (exercise of warrants for 1,800,000 shares) earmarked for working capital.
• Debenture Conversion: Debentures with $190,000 principal converted at $0.125 per share → 1,520,000 additional common shares issued to two insiders and three shareholders.
• Total Shares Issued from Transactions: 4,840,000 new common shares (3,320,000 + 1,520,000).
• Upcoming Private Placement: Up to 8,000,000 units at $0.25 per unit; each unit = 1 share + 1 warrant (exercisable at $0.40 within 24 months).
• Target Gross Proceeds: Up to $2,000,000.
• Use of Offering Proceeds: Geophysical survey (3‑D DCIP and MT) and initial diamond drilling on the Clayton Silver Project in Idaho.
• Closing Timeline: First tranche expected to close in April 2026; units sold to accredited investors/exempt parties under Canadian prospectus exemptions.
• Finders’ Fees: Company may pay finders’ fees to third‑party intermediaries.
• Resale Restrictions: Securities subject to a four‑month‑plus‑one‑day lock‑up from closing date.

Notable Quotes

“The exercise of Warrants and conversion of Debentures demonstrates the confidence of management, directors and supporting shareholders in CMX’s plan to advance the Clayton Silver Project… positioned the Company to capitalize on the current precious metals bull market.” – Jan Alston, President & CEO

All forward‑looking statements are subject to risks and uncertainties; actual results may differ.