MONTREAL, QUEBEC -- (Marketwired) -- 11/27/14 -- Amex Exploration Inc. (TSX VENTURE: AMX) ("Amex" or the "Corporation") is pleased to announce that it has closed a non-brokered private placement of an aggregate amount of $62,400.00, through the sale of 780,000 regular units (the "Units"), priced at $0.08 each. This financing completes the previously announced first tranche closing of $419,600 on November 21, 2014.
The Units consist in one common share and one common share purchase warrant which can be exercised at the price of $0.13 for a period of 24 months following the closing date.
In connection with the Private Placement, Amex paid a Finder's fee in the amount of $4,200.00 and issued 52,500 finder's warrants. Each finder's warrant entitles the holder to purchase one common share, at a price of $0.09, for a period of 24 months following the closing date.
The net proceeds from the sale of the common shares will be used by the Corporation for general working capital purposes.
All securities issued pursuant to the Private Placement are subject to a 4-month and one day hold period. The Private Placement is subject to the receipt of all necessary regulatory approvals, including the final approval of the TSX Venture Exchange.
Amex Exploration Inc. is a junior mining exploration company listed on the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Contacts:
Amex Exploration Inc.
Jacques Trottier
514-866-8209
Amex Exploration Inc.
Pierre Carrier
514-866-8209
