Business
Amex closes a $260,000 private placement
Amex closes a $260,000 private placement.
About this update from Amex Exploration Inc.
[{"type":"text","content":"\n\n\n\nLAVAL, QC, May 8 /CNW Telbec/ - Amex Exploration Inc. ("Amex") has closed\na private placement of 260 units for gross proceeds of $ 260,000.\n\n\nEach unit consists of 1,500 flow-through common shares at a price of\n$0.50 per share for a total of $750.00 and 500 common shares at a price of\n$0.50 per share for a total of $250.00; and 1,000 common share purchase\nwarrants of Amex. Each warrant entitles its holder thereof to subscribe for\none additional common share at a price of $0.65 at any time for a period of\n24 months after the date of closing.\n\n\nThe securities issued under this private placement will be subject to a\nfour-month hold period expiring on September 5, 2007.\n\n\nThe proceeds of the private placement will be used to finance exploration\nactivities and incur Canadian exploration expenditures (CEE), and for general\nworking capital working purposes.\n\n\nAmex Exploration inc. is a junior mining exploration company listed on\nthe TSX-V whose primary objective is to develop and bring into production\nviable gold and base metal deposits.\n\n\nMichel Lemay\n\n\nDirector\n\n\nThe TSX Venture Exchange does not accept responsibility for the adequacy\n\n\nor accuracy of this press release.\n\n\n","length":1307,"tagName":"div"}]