Cunningham Mining Ltd Secures $153 Million USD Investment Commitment from GEM Digital Limited for American Creek Resources Ltd Acquisition with RWA Token
VANCOUVER, British Columbia, Sept. 04, 2024 (GLOBE NEWSWIRE) -- Cunningham Mining Ltd is pleased to announce that the originally executed token subscription facility with GEM Digital Limited ("GEM Digital") for the amount of $153 million USD has been increased to $336 Million USD, boasting major confidence to markets from the original financing facility that will be used for the proposed acquisition of American Creek Resources Ltd (TSXV:AMK). Cunningham Mining Ltd plans to use the increased facility for further acquisitions of gold properties in the coming future.
Under the agreement, GEM Digital will provide Cunningham Mining with a Token Subscription Facility of up to $336 million for a 36-month term following a Centralized Exchange listing of the Cunningham Mining Token. Cunningham Mining will control the timing and maximum amount of drawdowns under this facility and has no minimum drawdown obligation.
"We are excited about strengthening our partnership with GEM Digital for this significant token subscription facility, which will enable the ...
