Business
AMEX Exploration Inc closes a private placement of $300,000
AMEX Exploration Inc closes a private placement of $300,000.
About this update from Amex Exploration Inc.
[{"type":"text","content":"\n\n\n\nMONTREAL, Aug. 22 /CNW Telbec/ - AMEX Exploration Inc. ("Amex")\n(TSXV: AMX) is pleased to announce the closing of a previously announced\nprivate placement of 300 units (the "Units"), at a price of $1,000 per Unit,\nfor total gross proceeds of $300,000.\n\n\nEach Unit consists of 1,500 flow-through common shares at a price of\n$0.50 per flow-through common share, 500 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. In\nconnection with the private placement, a 10% cash commission will be paid.\n\n\nThe private placement is subject to final TSX Venture Exchange acceptance\nfor filing. All securities issued will be subject to a four month hold period\nfrom the closing date expiring on December 14, 2007.\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":1477,"tagName":"div"}]