LAVAL, QC, May 8 /CNW Telbec/ - Amex Exploration Inc. ("Amex") has closed a private placement of 260 units for gross proceeds of $ 260,000.
Each unit consists of 1,500 flow-through common shares at a price of $0.50 per share for a total of $750.00 and 500 common shares at a price of $0.50 per share for a total of $250.00; and 1,000 common share purchase warrants of Amex. Each warrant entitles its holder thereof to subscribe for one additional common share at a price of $0.65 at any time for a period of 24 months after the date of closing.
The securities issued under this private placement will be subject to a four-month hold period expiring on September 5, 2007.
The proceeds of the private placement will be used to finance exploration activities and incur Canadian exploration expenditures (CEE), and for general working capital working purposes.
Amex Exploration inc. is a junior mining exploration company listed on the TSX-V whose primary objective is to develop and bring into production viable gold and base metal deposits.
Michel Lemay
Director
The TSX Venture Exchange does not accept responsibility for the adequacy
or accuracy of this press release.