Brief: Amex Announces C$8 Million Bought Deal Private Placement

Amex Gold Mining

15/10/2019 22:27

Oct 15 (Reuters) - Amex Exploration Inc  AMX.V :
    * AMEX ANNOUNCES C$8 MILLION BOUGHT DEAL PRIVATE PLACEMENT,
INCLUDING A STRATEGIC INVESTMENT BY ERIC SPROTT
    * AMEX EXPLORATION INC - UNDERWRITERS HAVE AGREED TO
PURCHASE 4.4
MILLION FLOW-THROUGH UNITS OF CO AT PRICE PER FLOW-THROUGH UNIT
OF $1.80
    * AMEX EXPLORATION INC - UNDERWRITERS HAVE ADVISED COMPANY
THAT
ERIC SPROTT HAS AGREED TO MAKE A STRATEGIC INVESTMENT IN
CONNECTION WITH OFFERING
    * AMEX EXPLORATION INC - ON COMPLETION OF OFFERING, IT IS
EXPECTED
THAT ERIC SPROTT WILL OWN ABOUT 14.2% OF AMEX ON A NON-DILUTED
BASIS
    * AMEX EXPLORATION - PROCEEDS FROM SALE OF FLOW-THROUGH
SHARES
WILL BE USED FOR GENERAL EXPLORATION EXPENDITURES ON AMEX'S
PROPERTIES LOCATED IN QUEBEC

Source text for Eikon:  ID:nGNX1LfNHy 
Further company coverage:  AMX.V 

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