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Amex Exploration Announces up to C$30 Million Private Placement, Led by Strategic Investment by Eldorado Gold
Montreal, Quebec--(Newsfile Corp. - July 17, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or the "Company") is pleased to announce a non-brokered private placement of 11,000,000 charity flow-through common shares (the "CFT Shares") at a price of C$2.27 per CFT Share, for gross proceeds of up to C$24,970,000 (the "Offering"). The Company may also issue up to an additional 3,125,000 hard dollar common shares (the "HD Shares") at ...
About this update from American Express Company
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","className":"","disableSlideshowImg":false,"size":{"original":{"width":1,"height":1,"url":"https://www.newsfilecorp.com/newsinfo/259123/202"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/_9zKnKjvws47XrBU64ZmIQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTM2O2g9MzY7Y2Y9d2VicA--/https://www.newsfilecorp.com/newsinfo/259123/202","width":1,"height":1}},"lazy":false},{"type":"text","content":"Montreal, Quebec--(Newsfile Corp. - July 17, 2025) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or the "Company") is pleased to announce a non-brokered private placement of 11,000,000 charity flow-through common shares (the "CFT Shares") at a price of C$2.27 per CFT Share, for gross proceeds of up to C$24,970,000 (the "Offering").","length":397,"tagName":"p"},{"type":"text","content":"The Company may also issue up to an additional 3,125,000 hard dollar common shares (the "HD Shares") at a price of C$1.60 per HD Share, for gross proceeds of up to C$5,000,000.","length":186,"tagName":"p"},{"type":"text","content":"As part of the Offering, Eldorado Gold Corporation ("Eldorado") intends to make a strategic investment in the Company through the purchase of 11,000,000 common shares of the Company at a price of C$1.60 per common share, for gross proceeds of C$17,600,000. Upon closing of the Offering, Eldorado will own approximately [17]% of Amex's issued and outstanding shares (on an undiluted basis).","length":403,"tagName":"p"},{"type":"text","content":"Victor Cantore, President and CEO of Amex, states, "Eldorado's strategic investment significantly strengthens our exploration budget and reaffirms the high-quality potential of the Perron project and the recently acquired Perron West project. With a strong resource estimate already defined, we see substantial untapped upside across the broader property. This funding will enable us to aggressively pursue new targets and further demonstrate the scale and opportunity in the broader district scale camp."","length":519,"tagName":"p"},{"type":"text","content":"The Company intends to use the net proceeds of the Offering to fund exploration across the Perron Gold Project with a focus on new target definition and drilling.","length":162,"tagName":"p"},{"type":"text","content...