Cunningham Mining Ltd Secures $153 Million USD Investment Commitment from GEM Digital Limited for American Creek Resources Ltd Acquisition with RWA Token
05 Agosto 2024 - 5:00PM
Cunningham Mining Ltd is pleased to announce that it has executed a
token subscription facility with GEM Digital Limited (“GEM
Digital”) for the amount of $153 million USD. The funding from this
financing facility will be used specifically for the proposed
acquisition of American Creek Resources Ltd, a resources company
listed on the TSX-V exchange.Under the agreement, GEM Digital will
provide Cunningham Mining with a Token Subscription Facility of up
to $153 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 to
partner with GEM Digital for this significant token subscription
facility, which will enable the company to acquire American Creek
Resources Ltd and further expand our presence in the gold
exploration sector. American Creek Resources’ full twenty percent
carried interest of the Treaty Creek Gold deposit will be added and
monetized onto the balance sheet of our pending RWA based NGTGOLD
Token containing over 6 million ounces of in ground gold resource,"
said Ryan Cunningham, CEO of Cunningham Mining Ltd. "This
acquisition aligns with our strategic growth plans and will allow
us to capitalize on the promising opportunities in the gold
market."We are confident that this financing deal with GEM Digital
will support our acquisition of American Creek Resources Ltd and
drive long-term value for our shareholders," added Cunningham. "We
look forward to leveraging the expertise and resources of both
companies to maximize the potential of this acquisition and deliver
positive results for all stakeholders. Our NGTGOLD Token will be
announcing its formal exchange listing in the coming days.”The
closing of the financing deal is subject to customary closing
conditions and regulatory approvals. Further details regarding the
acquisition of American Creek Resources will be announced in due
course.About GEM Digital LimitedGEM Digital Limited is a digital
asset investment firm. Based in the Bahamas, the firm actively
sources, structures and invests in utility tokens listed on over 30
CEXs and DEXs globally.
Global Emerging Markets (“GEM”) is a $3.4 billion
alternative investment group with offices in Paris, New York and
the Bahamas. GEM manages a diverse set of investment vehicles
focused on emerging markets and has completed over 530 transactions
in 72 countries. Each investment vehicle has a different degree of
operational control, risk-adjusted return, and liquidity profile.
The family of funds and investment vehicles provides GEM and its
partners with exposure to Small-Mid Cap Management Buyouts, Private
Investments in Public Equities, and select venture
investments.About Cunningham Mining LtdCunningham Mining
(www.cunninghammining.com) has successfully completed the
acquisition of the Placer Claims known as the 'Nugget Trap Placer
Mine" in the British Columbia Mineral Title registry, covering
573.7 acres, along with the accompanying permits and authorizations
("Property"). The Property is situated within the Skeena Mining
Division of British Columbia, Canada, in the area known as BC's
Golden Triangle. The company intends to digitize its current and
future mining properties and claims through the issuance of
“NGTGOLD” www.nuggettrap.com digital asset
tokens.Cunningham Mining Ltd10026 Pacific Centre 25th FLVancouver,
BC, V7Y 1B3Phone: 1-833-344-4653Email:
info@cunninghammining.comhttps://x.com/Cunninghammininhttps://x.com/Nuggettrapgoldwww.nuggettrap.com