Business
Amex Exploration Closes Fully-Subscribed C$50 Million Brokered LIFE Offering and First Tranche of Concurrent Private Placement
Montreal, Quebec--(Newsfile Corp. - May 21, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) ("Amex" or the "Company") is pleased to
About this update from Amex Exploration Inc.
[{"type":"text","content":"\n Montreal, Quebec--(Newsfile Corp. - May 21, 2026) - Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (\"Amex\" or the \"Company\") is pleased to announce that it has closed its previously announced \"best efforts\" private placement offering of 11,110,150 common shares of the Company (the \"Common Shares\") at a price of C$4.50 per Common Share (the \"Offering Price\"), which includes the full exercise of the option granted to the Agents (as defined herein), for gross proceeds of C$49,995,675 (the \"LIFE Offering\"). The LIFE Offering was made in reliance on the \"listed issuer financing exemption\" available under Part 5A of NI 45-106, as amended by Coordinated Blanket Order 45-935 - Exemptions from Certain Conditions of the Listed Issuer Financing Exemption.In addition to the LIFE Offering, the Company has completed a first tranche of the brokered portion of its previously announced concurrent private placement, consisting of 394,011 Common Shares at the Offering Price for additional gross proceeds of C$1,773,049.50 (the \"First Tranche\"). The Company expects to close its previously announced concurrent non-brokered private placement of 1,622,222 Common Shares at the Offering Price for additional gross proceeds of C$7,299,999 after the close of markets today. The LIFE Offering and First Tranche were completed pursuant to the terms of an agency agreement dated May 21, 2026 among National Bank Financial Inc. and MDCP Securities Limited, as joint bookrunners and co-lead agents (together, the \"Co-Lead Agents\"), ATB Capital Markets Corp. and Haywood Securities Inc. (together with the Co-Lead Agents, the \"Agents\"), and the Company. As consideration for their services in connection with the LIFE Offering and the First Tranche, the Company paid the Agents a cash commission equal to C$2,499,783.75.The net proceeds of the LIFE Offering and the First Tranche will be used to fund the capital expenditures for the Company's bulk sampling program and a portion of the phase 1 development of the Perron Gold Project, a feasibility study on the phase 2 development of the project, exploration of the Company's properties, and general corporate purposes.The Common Shares issued under the LIFE Offering to purchasers resident in Canada are immediately freely tradeable under applicable Canadian securities laws. The Common Shares iss...