Amex Exploration closes C$50 million LIFE private placement at C$4.5/share

America Movil SAB de CV Sponsored ADR Class B

America Movil SAB de CV Sponsored ADR Class B

AMX

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  • Amex Exploration closed a fully subscribed brokered private placement of 11,110,150 common shares at C$ 4.5, raising C$ 50 million under the listed issuer financing exemption.
  • A first tranche of a concurrent brokered private placement also closed, issuing 394,011 common shares at C$ 4.5 for C$ 1.77 million.
  • Net proceeds are earmarked for a bulk sampling program, early development work at the Perron Gold Project, a feasibility study for a later development phase, exploration, and general corporate purposes.
  • Eldorado Gold has indicated interest to buy up to US$ 15 million of common shares in a later tranche, pending shareholder approval at a June 16 meeting.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Amex Exploration Inc. published the original content used to generate this news brief via Newsfile (Ref. ID: 202605210856NEWSFILECNPR____20260521_298377_1) on May 21, 2026, and is solely responsible for the information contained therein.

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