Due to strong investor demand, Amex Exploration Inc. (TSXV:AMX) has entered into an amendment agreement to increase its previously announced private placement capital raising from C$33,740,000 to C$43,139,000.
The new agreement with PI Financial Corp. under which a syndicate of underwriters led by PI have agreed to increase the size of the previously announced bought deal private placement to an aggregate of 8,950,000 flow-through shares at a price per Flow-Through Share of C$4.82.
The gross proceeds from the sale of the Flow-Through Shares will be used for general exploration expenditures on Amex’s properties located in Quebec.
The Offering is scheduled to close on or about February 17, 2022, or such other date as agreed between the company and the underwriters, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.
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.
The company is focused on its 100% owned Perron gold project located 110 kilometres 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/r
