Amex Exploration Announces up to C$30 Million Private Placement, Led by Strategic Investment by Eldorado Gold

Core Viewpoint - Amex Exploration Inc. announces a non-brokered private placement of up to C$30 million, led by a strategic investment from Eldorado Gold Corporation, aimed at funding exploration activities at the Perron Gold Project [1][3][4]. Group 1: Private Placement Details - The private placement includes the issuance of 11,000,000 charity flow-through common shares at a price of C$2.27 per share, generating gross proceeds of up to C$24,970,000 [1]. - Additionally, the company may issue up to 3,125,000 hard dollar common shares at a price of C$1.60 per share, for gross proceeds of up to C$5,000,000 [2]. Group 2: Strategic Investment by Eldorado Gold - Eldorado Gold intends to purchase 11,000,000 common shares at a price of C$1.60 per share, resulting in gross proceeds of C$17,600,000, which will give Eldorado approximately 17% ownership of Amex's issued and outstanding shares [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized to fund exploration at the Perron Gold Project, focusing on new target definition and drilling [4]. - The gross proceeds will be allocated to eligible Canadian exploration expenses related to the Perron Gold Project, with a commitment to incur these expenses by December 31, 2026 [5]. Group 4: Offering Timeline and Conditions - The closing of the offering is expected on or before August 7, 2025, subject to certain conditions including acceptance by the TSX Venture Exchange [6]. Group 5: Company Overview - Amex Exploration Inc. has made significant high-grade gold discoveries at its 100%-owned Perron Gold Project, which spans 117 contiguous claims over 45.18 km² [10]. - The Perron Gold Project is located in a geologically favorable area for both high-grade gold and copper-rich volcanogenic massive sulphide (VMS) mineralization [11].