MLT Aikins is pleased to have acted as Canadian legal counsel to Amex Exploration Inc. in connection with a private placement for aggregate gross proceeds of approximately $59 million to fund the development of its flagship Perron Gold Project in Quebec and advance exploration of its properties in Ontario.
On May 21, 2026, the Montreal-based near-term gold producer Amex Exploration Inc. announced that it had closed its fully-subscribed “best efforts” brokered private placement, including the full exercise of the agents’ option, with National Bank Financial Inc. and MDCP Securities Limited as joint bookrunners and co-lead agents, together with a syndicate of agents including ATB Capital Markets Corp. and Haywood Securities Inc., through the issuance of 11,504,161 common shares of the Company (Common Shares) at a price of $4.50 per share (the Offering Price) and a non-brokered private placement of 1,622,222 Common Shares at the Offering Price for aggregate gross proceeds of $59,068,723.50 (the Offering).
The net proceeds of the Offering will be used to fund the capital expenditures for Amex’s bulk sampling program and a portion of the phase 1 development of the Perron Gold Project, a feasibility study on the phase 2 development of the project, exploration of the Company’s properties, and general corporate purposes.
Amex Exploration Inc. has made significant high-grade gold discoveries, along with copper-rich volcanogenic massive sulphide (VMS) zones, at its 100%-owned Perron Gold Project, located approximately 110 kilometres north of Rouyn-Noranda, Quebec. The Perron Gold Project in Quebec consists of 183 contiguous claims for a surface area of 65.75 km². The project hosts several zones of high-grade gold mineralization, VMS mineralization and ‘hybrid’ gold-rich VMS mineralization. When combined with the adjacent and contiguous Perron West Project and Abbotsford and Hepburn Projects (including additional claims acquired through staking) in Ontario, the consolidated land package spans a district-scale 570.94 km². This extensive property lies within highly prospective geology favourable for both high-grade gold and VMS mineralization.
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