Montreal, May 10, 2013 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that it has closed a first tranche in a non-brokered private placement in the amount of $367,000.00, through the sale of units priced at 1000$ each.
The securities issued pursuant to the sale of 367 units are: 3,119,500 flow-through common shares, priced at $0.10 each and 550,500 common shares priced at $0.10 each.
In connection with the private placement, Amex paid a finder’s fee in the amount of $20,820.00 and issued 208,200 finder’s warrants. Each finder’s warrant entitles the holder to purchase one common share, at a price of $0.10, for a period of 24 months following the closing date.
The net proceeds from the sale of the flow-through shares will be used to finance the Corporation’s exploration program on the Perron property, located in the Province of Quebec and the net proceeds from the sale of the common shares will be used 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.
For further information please contact Pierre Carrier, at 514-866-8209.
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.