CMX Gold &Silver Corp. (DB:6GS) announced a non-brokered private placement of convertible debentures for gross proceeds of CAD 46,000 on January 11, 2016. The company has issued 100,000 units for gross proceeds of CAD 10,000.

The debentures carry a fixed coupon of 6% per annum and would mature on January 31, 2018. The debentures are convertible into common shares of the company at a conversion price of CAD 0.125 per share. Each unit is comprised of one common share and one common share purchase warrant exercisable for two years at a price of CAD 0.20 per share.