AMEX Announces C$33.7 Million Bought Deal Private Placement
17 Enero 2022 - 3:00PM
Amex Exploration Inc. (“Amex” or the “Company”) (TSXV:
AMX) is pleased to announce that it has entered into an
agreement with PI Financial Corp. on behalf of a syndicate of
underwriters (collectively, the "Underwriters"), pursuant to which
the Underwriters have agreed to purchase, on a "bought deal"
private placement basis, 7,000,000 flow-through common shares (the
“Flow-Through Shares”) of the Company, at a price per Flow-Through
Share of $4.82 (the “Issue Price”), for gross proceeds of
C$33,740,000 (the "Offering").
The Flow-Through Shares will qualify as
“flow-through shares” (within the meaning of subsection 66(15) of
the Income Tax Act (Canada) and section 359.1 of the Taxation Act
(Québec)).
The Company has also granted the underwriters an
option to purchase up to an additional 15% Flow-Through Shares to
cover over-allotments, exercisable in whole or in part at any time
prior to the closing date of the Offering.
The gross proceeds from the sale of the
Flow-Through Shares will be used for general exploration
expenditures on Amex’s properties located in Quebec.
The Offering is scheduled to close on or about
February 15, 2022, or such other date as agreed between the Company
and the underwriters, and is subject to certain conditions
including, but not limited to, the receipt of all necessary
regulatory and other approvals including the approval of the TSX
Venture Exchange.
In connection with the Offering, the
underwriters will receive on closing of the Offering a cash
commission of 6.0% of the gross proceeds of the Offering, other
than for purchasers on a president’s list, for which a cash fee of
3.0% of the aggregate proceeds of the Flow-Through Shares will be
paid. The same commission shall be paid to the underwriters in
connection with any Flow-Through Shares issued or sold
pursuant to the exercise of the underwriters’ option.
This news release does not constitute an
offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and
will not be registered under the United States Securities Act of
1933, as amended (the “U.S. Securities Act”) or any state
securities laws and may not be offered or sold within the United
States or to U.S. Persons unless registered under the U.S.
Securities Act and applicable state securities laws or an exemption
from such registration is available.
About AmexAmex Exploration Inc.
is a junior mining exploration company, the primary objective of
which is to acquire, explore, and develop viable gold projects in
the mining-friendly jurisdiction of Quebec. Amex is focused on its
100% owned Perron gold project located 110 kilometres north of
Rouyn-Noranda, Quebec, consisting of 117 contiguous claims covering
4,518 hectares. A number of significant gold discoveries have been
made at Perron, including the Eastern Gold Zone, the Gratien Gold
Zone, the Grey Cat Zone, and the Central Polymetallic Zone.
High-grade gold has been identified in each of the zones. A
significant portion of the project remains underexplored. In
addition to the Perron project, the company holds a portfolio of
three other properties focused on gold and base metals in the
Abitibi region of Quebec and elsewhere in the province.
For further information please contact:Victor
CantorePresident and Chief Executive OfficerAmex Exploration:
(514) 866-8209
Neither the 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.
Forward-looking statements:
This news release contains statements
which may constitute “forward-looking statements” and “forward
looking information” within the meaning of applicable securities
laws, including statements regarding the completion of the Offering
and the use of proceeds. All statements, other than of historical
facts, that address activities, events or developments that the
Company believes, expects or anticipates will or may occur in the
future are forward-looking statements. Forward-looking statements
are generally identifiable by use of the words “will”, “should”,
“continue”, “expect”, “anticipate”, “estimate”, “believe”,
“intend”, “to earn”, “to have’, “plan” or “project” or the negative
of these words or other variations on these words or comparable
terminology. Forward-looking statements are subject to a number of
risks and uncertainties, many of which are beyond the Company’s
ability to control or predict, that may cause the actual results of
the Company to differ materially from those discussed in the
forward-looking statements. Factors that could cause actual results
or events to differ materially from current expectations include,
among other things, failure to obtain any necessary regulatory
approvals, the termination of the agreement governing the Offering,
general business and economic conditions, changes in world gold
markets, sufficient labour and equipment being available, changes
in laws and permitting requirements, unanticipated weather changes,
title disputes and claims, environmental risks as well as
those risks identified in the Company’s annual Management’s
Discussion and Analysis. Should one or more of these risks or
uncertainties materialize, or should assumptions underlying the
forward-looking statements prove incorrect, actual results may vary
materially from those described and accordingly, readers should not
place undue reliance on forward-looking statements. Although the
Company has attempted to identify important risks, uncertainties
and factors which could cause actual results to differ materially,
there may be others that cause results not to be as anticipated,
estimated or intended. The Company does not intend, and does not
assume any obligation, to update these forward-looking statements
except as otherwise required by applicable law.
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