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MONTREAL, Dec. 28 /CNW Telbec/ - AMEX EXPLORATION INC. completed on December 28, 2006 the closing of a non-brokered private placement as released on December 19, 2006. A total of 150 units of the Company, have been subscribed for by accredited investors, for gross proceeds of $ 150,000.
The unit was sold at a price of $1,000 per unit, each unit consisting of 1,875 Flow-Through Shares at $0.40 per share, 625 Common Shares at $0.40 per share.
There is a hold period of 4-months on all shares issued. There were $7,800 fees paid related to this financing. The proceeds of this placement shall be used by the Company mainly for exploration activities on its properties located in the Quebec and for general purposes.
The TSX Venture Exchange has not reviewed and does not accept
responsibility for the adequacy or accuracy of this release.
%SEDAR: 00004815EF