Amex Exploration Announces Oversubscribed C$43.5 Million LIFE Offering and Additional Concurrent Private Placement of Up to C$31 Million

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[{"type":"text","content":" MONTREAL, May 11, 2026 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (“Amex” or the “Company”) is pleased to announce that as a result of excess demand, it has amended its previously announced agreement with National Bank Financial Inc. and MDCP Securities Limited (together, the “Co-Lead Agents”), as joint bookrunners and co-lead agents, on behalf of a syndicate of agents (collectively, the “Agents”), in connection with a “best efforts” private placement offering under the LIFE Exemption (as defined herein) for up to 9,661,000 common shares of the Company (the “Common Shares“) at a price of $4.50 per Common Share (the “Offering Price”) for aggregate gross proceeds of up to $43,474,500 (the “LIFE Offering“). The Agents have also been granted an option, exercisable in full or in part up to 48 hours prior to the Closing Date (as defined herein), to sell up to an additional 1,449,150 Common Shares at the Offering Price for additional gross proceeds of up to $6,521,175 under the LIFE Offering (the “Agents’ Option”). In addition to the LIFE Offering, the Company announces its intention to complete: (i) a non-brokered concurrent private placement offering of up to 1,622,222 Common Shares at the Offering Price (the “Non-Brokered Concurrent Private Placement”); and (ii) a brokered concurrent private placement offering of up to 5,258,934 Common Shares at the Offering Price, assuming the exercise of the Agents’ Option in full and the issuance of the maximum number of Common Shares under the Non-Brokered Concurrent Private Placement (the “Brokered Concurrent Private Placement” and together with the Non-Brokered Concurrent Private Placement, the “Concurrent Private Placement”), for additional aggregate gross proceeds of up to $30,965,202. Strategic investor Eldorado Gold Corporation (“Eldorado”) has indicated an interest to purchase up to 4,566,667 Common Shares under the Brokered Concurrent Private Placement (assuming the exercise of the Agents’ Option in full and the issuance of the maximum number of Common Shares under the Non-Brokered Concurrent Private Placement), in accordance with the Investor Rights Agreement dated January 16, 2024 between the Company and Eldorado. Mr. Victor Cantore, President and CEO of Amex, has also indicated an interest to purchase up to 394,011 Common Shares under the Brokered...

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