Business
Amex Exploration Inc. announces a private placement of a maximum of $300,000
Amex Exploration Inc. announces a private placement of a maximum of $300,000.
About this update from Amex Exploration Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL, Oct. 17 /CNW Telbec/ - AMEX Exploration Inc. ("Amex")\n(TSXV: AMX) is pleased to announce a private placement of up to 300 units (the\n"Units") at a price of $1,000 per Unit, for total gross proceeds of up to\n$300,000.\n\n\nEach Unit consists of 1,700 flow-through common shares at a price of\n$0.50 per flow-through common share, 300 common shares at a price of $0.50 per\ncommon share and 1,000 share purchase warrants. Each share purchase warrant\nshall entitle its holder thereof to acquire one additional common share of\nAmex at a price of $0.65 for a period of 24 months from the closing date.\n\n\nThe proceeds of the private placement will be used to finance exploration\nwork on Amex's properties and for working capital purposes.\n\n\nAmex Exploration Inc. is a junior mining exploration company listed of\nthe TSX Venture Exchange whose primary objective is to develop and bring into\nproduction viable gold and base metal deposits.\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":1160,"tagName":"div"}]