Amex Exploration Inc. (TSXV: AMX) has successfully closed a “bought deal” private placement in the amount of C$49,609,850.
The offering was led by PI Financial Corp., on behalf of a syndicate of underwriters, including Haywood Securities Inc., Canaccord Genuity Corp., Laurentian Bank Securities Inc. and iA Private Wealth Inc.
“This is the largest financing in the history of the company that significantly strengthens our treasury and funds a very aggressive exploration program, for which Amex has become known in the industry,” President and CEO, Victor Cantore, said.
“Last year we put 94% of our dollars spent to work in exploration and we have been rewarded with significant expansion of our known gold zones as well as new gold and VMS discoveries on the Perron property.
“100% of the money raised from this financing will be put into our exploration program to build a substantial resource at Perron.”
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold projects in the mining-friendly jurisdiction of Quebec. Amex is focused on its 100% owned Perron gold project located 110 km north of Rouyn Noranda, Quebec, consisting of 117 contiguous claims covering 4,518 hectares.
A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones.
A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and elsewhere in the province.
For further information please visit: https://www.amexexploration.com/
