BMEX Gold Announces Update to Listed Issuer Financing Exemption (LIFE) Financing

About this update from Route 109 Resources Inc.

[{"type":"text","content":"\nBMEX Gold Announces Update to Listed Issuer Financing Exemption (LIFE) FinancingVancouver, British Columbia--(Newsfile Corp. - July 26, 2024) - BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) (\"BMEX\" or the \"Company\") announces that it has terminated its non-brokered private placement financing which was previously announced on June 10, 2024, and will be proceeding with a new offering (the \"Offering\") under the listed issuer financing exemption whereby the securities of the Company issued pursuant to the Offering will be freely tradeable equity securities not subject to a hold period (see below). The Offering will be for minimum gross proceeds of $300,000, and maximum gross proceeds of $1,300,000.The Offering will consist of the sale of a minimum of 2,000,000 non-flow-through units (\"NFT Units\") at a price of $0.15 per NFT Unit for gross non-flow through proceeds of $300,000. The Offering will be subject to maximum gross proceeds of $1,300,000, through the issuance of up to 6,666,667 units in aggregate, which will consist of a mix of flow-through units (\"FT Unit\") and NFT Units. The FT Units will be issued at $0.15 per FT Unit. Each NFT Unit and each FT Unit will consist of one common share (a \"Common Share\") of the Company and one full common share purchase warrant (\"Warrant\"), with each Warrant entitling the holder thereof to acquire one additional Common Share at a price of $0.20 per share for a period of twenty-four (24) months from the closing date of the Offering. The breakdown between FT Units and NFT Units to be issued will be determined by the Company at closing (subject to a minimum of 2,000,000 NFT Units).Subject to compliance with applicable regulatory requirements and in accordance with National Instrument 45-106 - Prospectus Exemptions (\"NI 45-106\"), the Offering is being made to purchasers resident in each of the Provinces of Canada, pursuant to the listed issuer financing exemption under Part 5A of NI 45-106 (the \"Exemption\"). The securities offered under the Exemption will not be subject to a hold period in accordance with applicable Canadian securities laws. There is an offering document (the \"Offering Document\") related to the Offering that can be accessed under the Company's profile at www.sedarplus.ca and on the Company's website at https://bmexgold.com/. Prospective investors should read this ...

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