Canamex Gold welcomes international currency systems expert as director

Canamex Gold Corp (CVE:CSQ, OTCBB:CNMXF) has appointed an international currency systems expert to its board as director.

Guy P. Dancosse was a member of the board and chair of the human resources committee at the Royal Canadian Mint and was legal counsel there for a long period, the Nevada-focused mining group said.

His appointment brings significant depth of experience and legal skills, of international currency systems and of Global Mint operations, having been the legal counsel for the Royal Canadian Mint for a long period, said David Vincent, chief executive at Canamex.

“His background complements the new direction of the company, relating to its planned Ethereum Crypto-Token Offering (CTO) development work, including developing the regulatory and legal documentation requirements, to undertake a CTO.

“Furthermore, Guy’s experience on the board of directors of the Royal Canadian Mint should assist with developing the physical delivery logistics with any CTO of Gold and Silver crypto-tokens, with smart contracts, on the Ethereum blockchain during 2018.”

He has extensive experience in arbitration, negotiation and mediation, nationally and internationally, in many areas of business and the public sector and has acted as counsel in commercial arbitration, both nationally and internationally, the firm added.

He sits on the board of many public and private companies.

Last month, Canamex shares jumped 45% after the mine developer branched into crypto-currency, which could transform the way the business and its projects are financed.

It inked ‘terms of agreement’ with Harmonychain, a Norwegian fintech company.

The pair will “consider the issues around” an initial coin offering potentially backed by GOLD or silver using Ethereum blockchain technology.

Story by ProactiveInvestors