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Amex Closes $355,000 Private Placement
Published : February 26, 2013
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MONTREAL, QUEBEC--(Marketwire - Feb. 26, 2013) - Amex Exploration Inc. (News - Market indicators) ("Amex" or the "Corporation") is pleased to announce that it has closed a non-brokered private placement of an aggregate amount of $355,000.00, through the sale of "A" & "B" units priced at 1000$ each. 

The securities issued pursuant to the sale of 105 "A" units are: 630,000 flow-through common shares, priced at $0.15 each, 105 000 common shares (the "Shares") priced at $0.10 each and 315,000 Share purchase warrants ("Warrant A"). Each Warrant A entitles the holder to purchase one additional Share, at a price of $0.25 each, for a period of 18 months following the closing date. 

The securities issued pursuant to the sale of the 250 "B" units are: 2,500,000 Shares priced at $0.10 each and 2,500,000 Share purchase warrants ("Warrant B"). Each Warrant B entitles the holder to acquire one additional common Share at $0.15 per share, for a period of 18 months following the closing date.

In connection with the Private Placement, Amex paid a Finder's fee in the amount of $9,500.00 and issued 53,200 finder's warrants. Each finder's warrant entitles the holder to purchase one Share, at a price of $0.15, for a period of 24 months following the closing date.

Some insiders have participated in the private placement, for an aggregate amount of $95,000.00. In accordance with Regulation 61-101 respecting protection of minority security holders in special transactions, ("Regulation 61-101"), such a purchase constitutes a "related party transaction". However, the transaction is exempt from the valuation and minority shareholder approval requirements pursuant to the exemptions set out in subsection 5.5 (a) and 5.7(1)(a) of Regulation 61-101, as the aggregate consideration does not exceed 25% of Amex's market capitalization. A material change report has not been filed 21 days prior to the closing of the Private Placement as the participation had not been established at that time.

The net proceeds from the sale of the Flow-Through Shares will be used by the Corporation to finance the Corporation's exploration program on its properties located in the Province of Quebec, and the net proceeds from the sale of the 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.

Pierre Carrier
514-866-8209

Amex Exploration Inc.

CODE : AMX.V
ISIN : CA30214Q1019
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Amex Expl. is an exploration gold company based in Canada.

Amex Expl. holds various exploration projects in Canada.

Its main exploration properties are MOLEON, NORMETAL and PERRON in Canada.

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Financings of Amex Exploration Inc.
5/15/2013Closes $422,000.00 for First and Second Tranche Private Plac...
5/10/2013Closes $367,000 Private Placement
2/26/2013Closes $355,000 Private Placement
10/1/2012Provides Further Details Regarding its Private Placement
9/28/2012Closes a $410,050 Private Placement
9/19/2012Closes a $400,000 Private Placement
4/7/2011Closes Additional $250,000 Private Placement
3/22/2011Closes $250,000 Private Placement
Nominations of Amex Exploration Inc.
1/15/2013Nominates Mr. Pierre Carrier as Chief Operating Officer and ...
Project news of Amex Exploration Inc.
1/20/2015(Perron)New Phase of 5000 Meters of Drilling at Amex's Perron Proper...
6/21/2013(Perron)Enters Into an Option Agreement for the Perron Property and ...
Corporate news of Amex Exploration Inc.
8/2/2016Amex Completes Airborne Geophysics Survey on its Eastmain Ri...
6/29/20162016 Winter Drilling Results at Amex's Perron Property
6/6/2016AMEX APPOINTS MR. VICTOR CANTORE AS NEW MEMBER OF ITS BOARD ...
5/16/20162016 WINTER DRILLING PROGRAM COMPLETED AT AMEX’S PERRON PROP...
5/16/20162016 Winter Drilling Program Completed at Amex's Perron Prop...
5/13/2016AMEX CLOSES $405,000 PRIVATE PLACEMENT
5/10/2016Amex Closes $405,000 Private Placement
1/26/2016Agnico Eagle to Begin Winter Drilling at Amex's Perron Prope...
12/29/2015EXTENTION OF NEW POLYMETALLIC MINERALIZATION IN THE NORMETAL...
12/29/2015AGNICO EAGLEAND AMEX EXPLORATION ADMENDINGTHE PERRON OPTION ...
12/22/2015Agnico Eagle and Amex Exploration Admending the Perron Optio...
12/16/2015Extention of New Polymetallic Mineralization in the Normetal...
12/9/2015AMEX EXTENDS BY DRILLING HIGH GRADE GOLD BEARING STRUCTURE A...
11/12/2015AMEX ANNOUNCES RE-ELECTION OF DIRECTORS
9/8/2015Drilling of the Normetal Mine Horizon Resumes at Amex's Perr...
9/3/2015AMEX STARTS NEW DRILLING PHASE AT ITS CAMERON GOLD PROJECT A...
8/31/2015Amex Starts New Drilling Phase at its Cameron Gold Project A...
6/23/2015Amex Exploration Inc.: Agnico Eagle Made the Fourth Cash Pay...
6/17/2015NEW MINERALIZATION DISCOVERED BY DRILLING IN THE NORMETAL MI...
6/16/2015New Mineralization Discovered by Drilling in the Normetal Mi...
4/20/2015AMEX ACQUIRES 3 NEW MINING PROPERTIES ALONG PLAN NORD STORNO...
1/8/2015New Drill Hole Intercept Returns 4,55 g/t Au, 20,9 g/t Ag, 0...
12/1/2014AMEX CLOSES $62,400 PRIVATE PLACEMENT
11/27/2014Amex Closes $62,400 Private Placement
11/24/2014AMEX CLOSES $419,600 PRIVATE PLACEMENT
11/21/2014Amex Closes $419,600 Private Placement
11/10/2014AMEX REVIEWS STRATEGIC ALTERNATIVES FOR ITS MEXICAIN OPERATI...
10/28/2014Amex Reviews Strategic Alternatives for its Mexicain Operati...
8/13/2014Amex Starts Follow-Up Drilling on the High Grade Gold Discov...
7/8/2014Amex Follow Up With 3D Geophysics on the High Grade Gold Zon...
6/25/2014Amex Exploration Inc.: Agnico Eagle Mines Made the Second Ca...
4/29/2014Amex Increases its Land Position at Cameron, Abitibi
4/9/2014Amex Hits by Drilling High Grade Gold Zone Returning 7,37 g/...
7/2/2013Agnico Eagle Makes a Private Placement in Amex Exploration a...
3/4/2013Gold-Rich Polymetallic Massive Sulfide Drill Intersection Re...
1/17/2013(Perron)Follow-Up Drilling Starts at Perron Gold-Polymetallic Zone N...
9/20/2012-Bowmore Intersect High Grade Gold-Silver Veins at Chivas Pr...
5/17/2011Confirms Important Dessiminated Polymetalic Mineralized Zone...
4/13/2011Receives Confirmation from Bowmore on Continuation of Option...
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