Eric Sprott Announces Changes to His Holdings in Amex Exploration Inc

Core Viewpoint - Eric Sprott's corporation, 2176423 Ontario Ltd., sold 14,868,200 common shares of Amex Exploration Inc. for a total of $59,472,800 at a price of $4.00 per share [1]. Group 1 - Prior to the sale, Mr. Sprott owned approximately 10.5% of the outstanding shares on a non-diluted basis and 10.8% on a partially-diluted basis, which included 435,000 share purchase warrants [2]. - Following the sale, Mr. Sprott's beneficial ownership decreased by approximately 11.9% on a partially diluted basis, dropping his ownership below 10% [3]. - As a result of this transaction, Mr. Sprott and 2176423 Ontario are no longer considered insiders of Amex Exploration [3]. Group 2 - The warrants held by Mr. Sprott are for investment purposes, and he maintains a long-term view on the investment, indicating potential future acquisitions or sales depending on market conditions [4].