Core Viewpoint - Eldorado Gold has increased its ownership in Amex Exploration by acquiring a significant block of shares, indicating a strategic investment move in the junior mining sector [1][2][3]. Group 1: Transaction Details - Eldorado Gold purchased 14,868,200 shares of Amex at C$4 per share, totaling approximately C$59.5 million, raising its stake to 27.3% on a non-diluted basis [2][5]. - The transaction appears to be a matched private trade as Eric Sprott divested his shares, suggesting a strategic shift in ownership within the company [1][5]. - Amex's share price increased by 5% to C$4.04, contributing to a 274% rise over the past year, with a market capitalization of C$572.3 million [4]. Group 2: Company Relationship and Future Plans - Amex's CEO, Victor Cantore, emphasized the ongoing positive relationship with Eldorado, stating that the increased shareholding does not alter their collaboration [3][9]. - Amex is advancing its Perron and Perron West projects, with a resource estimate indicating 8.2 million tonnes of measured and indicated resources containing 1.6 million ounces of gold [7]. - Future plans for Amex include bulk sampling, ongoing exploration in Quebec and Ontario, and a feasibility study expected in the first half of next year [8].