Amex Exploration Closes Final Tranche of C$80 Million Private Placement

Newsfile·18 Jun 2026·Read original

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Summary · why it matters

Amex Exploration has completed the final tranche of its oversubscribed private placement, raising an additional C$20.6 million. The final tranche consisted of 4,581,567 common shares at C$4.50 each, bringing the total gross proceeds from the brokered and non-brokered placements to C$79,685,775. The entire offering, which was previously announced as a C$80 million best-efforts private placement, saw the final tranche purchased by strategic investor Eldorado Gold Corporation, increasing its stake to approximately 26.9% of Amex's outstanding shares. Proceeds will fund the bulk sampling program, phase 1 development of the Perron Gold Project, a feasibility study, and general corporate purposes. The offering remains subject to final acceptance by the TSX Venture Exchange.

Eldorado Gold Corp ▲