Amex Exploration Inc. is pleased to announce a non-brokered private placement of 11,000,000 charity flow-through common shares at a price of C$2.27 per CFT Share, for gross proceeds of up to C$24,970,000 . The Company may also issue up to an additional 3,125,000 hard dollar common shares at a price of C$1.60 per HD Share, for gross proceeds of up to C$5,000,000. As part of the Offering,
Eldorado Gold Corp. intends to make a strategic investment in the Company through the purchase of 11,000,000 common shares of the Company at a price of C$1.60 per common share, for gross proceeds of C$17,600,000. Upon closing of the Offering, Eldorado will own approximately [17]% of Amex's issued and outstanding shares . Victor Cantore, President and CEO of Amex, states, "Eldorado'...