Agnico Eagle Makes a Private Placement in Amex Exploration as Part of the
Option Agreement on the Perron Property
MONTREAL, QUEBEC -- (Marketwired) -- 07/02/13 -- Amex Exploration
Inc. (TSX VENTURE:AMX) ("Amex" or the "Corporation") is pleased to
announce that it has closed a non-brokered private placement in the
amount of $403,000.00 with Agnico Eagle Mines Limited ("Agnico"), as
announced on June 21, 2013 and as part of the Option Agreement on the
Perron property. The closing occurred Friday afternoon June 28, 2013.
A total of 3,100,000 shares were sold to Agnico at a price of $0.13
per share, for a total amount of $403,000.00. As a result of the
transaction Agnico owns 5.76% of Amex`s issued and outstanding shares
on a non-diluted basis.
Pursuant to the share purchase agreement between Amex and Agnico,
subject to certain conditions, Agnico has the right to participate in
future equity offerings by Amex in order to maintain its pro rata
investment in Amex.
All shares issued pursuant to the private placement are subject to a
4-month hold period. The private placement is subject to the receipt
of all necessary regulatory approvals, including the final approval
of the TSX Venture Exchange.
The Perron gold project consists of 84 contiguous claims located at
about 5 km NW from Normetal mine-town in the Abitibi region of
Quebec. The property is easily accessible yearlong by road network.
Geologically, the project is located in the Archean Greenstone Belt
of the Superior Lake structural province.
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.
Jacques Trottier, PhD
President and Chief Executive Officer
Chief Operation Officer
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