Montreal (pcJ News Briefs) – Amex Exploration Inc. (TSX-V: AMX) has closed previously announced private placement of 7,693,000 units at $0.13 per unit for gross proceeds of $1,000,090.
Each unit consists of one common share and one common share purchase warrant having an exercise price of $0.18 and a term of 18 months.
Four directors and insiders of Amex have participated in the private placement for an aggregate amount of $135,850.
In connection with the offering, Amex paid to registered dealers a commission equal to 7% of the gross proceeds raised through their efforts.
Amex Exploration Inc. is a junior mining exploration company with two main projects: the 100% owned Perron gold project located 110 kilometres north of Rouyn Noranda, Quebec, consisting of 116 adjacent claims covering 4518 hectares; and the 100% owned Eastmain River gold properties consisting of 79 claims covering 4,173 hectares.
photo credit: Amex Exploration