Eldorado Gold(US:EGO) Newsfile·2025-08-07 19:53Core Viewpoint - Amex Exploration Inc. has successfully completed an oversubscribed private placement raising C$34.25 million, with significant participation from Eldorado Gold Corporation, positioning the company for future exploration and development of its Perron Gold Project [1][5]. Group 1: Private Placement Details - The first tranche of the private placement raised C$34,246,800, exceeding the initial target by C$4,276,800 due to strong investor demand [1]. - The first tranche included 11,000,000 charity flow-through common shares at C$2.27 per share, generating C$24,970,000, and 5,798,000 hard dollar common shares at C$1.60 per share, generating C$9,276,800 [2]. - A second tranche is expected to raise an additional C$3,003,200, bringing the total offering to C$37,250,000 if fully subscribed [3]. Group 2: Strategic Investment by Eldorado Gold - Eldorado Gold made a strategic investment by purchasing 11,000,000 charity flow-through shares at C$1.60 each and 1,000,000 hard dollar shares at the same price [4]. - Following this investment, Eldorado's ownership in Amex increased to approximately 17.01% of the outstanding shares on a non-diluted basis [10]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized for exploration activities at the Perron Gold Project, focusing on new target definition and drilling, as well as for general working capital [5]. - The gross proceeds from the charity flow-through offering will be allocated to eligible Canadian exploration expenses related to the Perron Gold Project [6]. Group 4: Company Overview - Amex Exploration Inc. is focused on high-grade gold discoveries at its 100%-owned Perron Gold Project, which spans 45.18 km² and is located approximately 110 kilometers north of Rouyn-Noranda, Quebec [14]. - The project is strategically positioned with excellent infrastructure, including proximity to major gold producers and accessibility via a year-round road [16].