MONTREAL, Quebec, May 15, 2026 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (TSXV:AMX) (FSE: MX0) (OTCQX:AMXEF) ("Amex" or the "Company") is pleased to announce that it has received conditional acceptance of the TSX Venture Exchange (the "TSXV") in respect of the Company's "best efforts" private placement offering (the "LIFE Offering") and concurrent private placement (the "Concurrent Private Placement") previously announced on May 5 and May 11, 2026.
Accordingly, the Company expects to close the LIFE Offering and a first tranche of the Concurrent Private Placement on May 21, 2026 (the "Closing Date") for aggregate gross proceeds of C$52,547,548.50, consisting of: (i) the LIFE Offering of 9,661,000 common shares of the Company (the "Common Shares") at a price of C$4.50 per Common Share (the "Offering Price") for gross proceeds of C$43,474,500; (ii) the non-brokered portion of the Concurrent Private Placement of 1,622,222 Common Shares at the Offering Price for gross proceeds of C$7,299,999; and (iii) a first tranche of the brokered portion of the Concurrent Private Placement of 394,011 Common Shares at the Offering Price for gross proceeds of C$1,773,049.50.
National Bank Financial Inc. and MDCP Securities Limited, as joint bookrunners and co-lead agents, on behalf of a syndicate of agents, have also been granted an option, exercisable in full or in part up to 48 hours prior to the Closing Date, to sell up to 1,449,150 additional Common Shares at the Offering Price for additional gross proceeds of up to $6,521,175 under the LIFE Offering.
Strategic investor Eldorado Gold Corporation ("Eldorado") has indicated an interest to purchase up to US$15,000,000 of Common Shares under the brokered portion of the Concurrent Private Placement and is entitled to purchase up to 4,864,923 Common Shares at the Offering Price in accordance with the Investor Rights Agreement dated January 16, 2024 between the Company and Eldorado (the "Eldorado Investment"). Completion of the Eldorado Investment remains subject to receipt of all required approvals, including Eldorado being approved as a "Control Person" of the Company (as defined in, and in accordance with, the policies of the TSXV) by the Company's disinterested shareholders at the Company's upcoming annual general and special meeting of its shareholders to be held on June 16, 2026 (the "Meeting"), as required by the TSXV prior to the issuance of any further securities to Eldorado. Subject to receipt of disinterested shareholder approval at the Meeting, it is anticipated that the Eldorado Investment will close as ...
