Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold and base metal project located 110 kilometres north of R...

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Amex Exploration Inc.

lockPrivateGroup

Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base ......

people7 Members       (0)

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8020 Admin

4 hours ago

8020 Admin posted a press release Amex Announces Fully Funded 100,000 m Expanded Drill Program on Perron Gold Property in Quebec in AMEX EXPLORATION INC.

Most Significant Exploration Program to Date


MONTREAL, Nov. 11, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to announce its expanded fully funded 100,000 m exploration drill program for 2019 and 2020, following the successful closing of an oversubscribed financing (see Amex PR dated 11-08-2019).


2019 Drill Program 40,000 m Highlights:



  • 27,500 m drilled to date with 12,500 m remaining to year-end

  • Drilling focused on the 3 distinct high-grade gold zones discovered in 2019, namely the Eastern Gold Zone (“EGZ”), the Gratien and Upper Gratien Zones (“Gratien”), and the Grey Cat Zone (“Grey Cat”)

  • Identification of a 3 km gold corridor in the Beaupré bloc, associated with anomalous to ore-grade gold mineralization

  • Approximately 4 km of the 7 km Perron Fault and 8.4 km of the Normetal fault left to be  explored

  • 3D modelling has identified at least 5 new high-priority exploration targets on the Perron and Normetal Faults


60,000 m Drill Program for 2020:



  • Up to 3 drills focused on continued definition and expansion of the known mineralized gold zones on Perron, (EGZ, Gratien and the Grey Cat). All 3 gold zones are open along strike and at depth and targeted drilling on these gold zones will be accretive and focus on building gold ounces for an eventual NI 43-101 compliant resource estimate.

  • Launch a regional exploration drill program based on 3D modelling from the 2019 program. Regional drilling will focus on targets that have seen very limited or no drilling. These targets share similarities with the known gold zones on Perron, including: proximity of second-order thrust faults; intersections of thrust faults and third-order structures within the Beaupre Rhyolite block; high-magnetic lineaments; and the presence of ultramafic to mafic intrusions. The regional targets are located along the 7 km long southern Perron thrust fault and the 8.4 km long northern Normetal thrust fault, which both bound the unconformable gold-bearing Beaupre rhyolite block. A map of these targets is provided in figure 1.

  • Initiate a high-resolution drone magnetic survey to assist in identifying and confirming the presence of structures which may be associated with additional gold mineralization. This drone magnetic survey will be completed at 25 metre spaced lines and flown with a sensor height of approximatively 20 metres above ground level.


Figure 1: Regional Exploration Targets on the Perron Property with Known Mineralized Zones. Current and Historical Drill Collar Locations are Represented by Black Dots on Both Maps.


https://www.globenewswire.com/NewsRoom/AttachmentNg/877199d5-e544-4d97-a662-2a75864d3585


Victor Cantore, President and CEO of Amex Exploration, commented, “With the completion of today’s oversubscribed financing, the Company is well funded to complete the most significant exploration program to date on the Perron project. As indicated in figure 1, much of the historical work has been focused on the central portion of the property, proximal to existing drilling roads and trails. With the knowledge gained from our exploration work on the three recent discoveries on the project we have identified a number of very significant regional targets that bear a striking resemblance to these known discoveries. We look forward to testing these known zones and potential new discoveries.”


The Perron Project


The Perron property is 100% owned and is about 45 km2 in size. The property hosts two faults of interest, the Perron and the Normetal faults, which collectively span over 15 km of strike length.  The Project is located in the town of Normetal which makes infrastructure excellent, enabling Amex to drill year-round and realize excellent value for its exploration dollars spent in the ground.


Eastern Gold Zone
The Eastern Gold Zone is comprised of three lenses of gold mineralization (the High Grade Zone (HGZ) and the Denise 1 and 2 Zones). The High Grade Zone lens has now been defined to a strike length of up to 130 metres and from surface to a depth of ~585 metres. The Denise 1 Zone lens has been defined to a strike length of up to 300 metres and from approximately 100 metres below surface to a depth of up to ~550 metres. Results to date include:


Within the High Grade Zone Amex has drilled 26 drill holes that have intersected gold mineralization greater than 10 g/t Au over variable widths. Examples of drilling include:



  • 56.75 g/t Au over 8.50 m in hole PE-19-27

  • 393.33 g/t Au over 1.70 m in hole PE-19-22

  • 30.98 g/t Au over 8.50 m in hole PE-19-45

  • 32.11 g/t Au over 7.20 m in hole PE-19-33


The Denise Zone was thought to be a low grade zone until recent drilling which changed the interpretation of the system. Recent high-grade intersections in the Denise Zone shares several characteristics with the High Grade Zone, including:



  • 39.94 g/t Au over 5.50 m in hole PE-19-83

  • 4.92 g/t Au over 13.50 m in hole PE-19-37EXT

  • 3.49 g/t Au over 7.40 m in hole PE-19-91


At the Denise, the gold mineralization appears to be strengthening at depth and a high grade zone is developing within a broader panel of disseminated gold. 


Gratien Gold Zone
In July of this year, the Company initiated a drilling program on the Gratien Main Zone and the Upper Gratien Gold Zone. These zones were first discovered in the 1990s and explored as bulk tonnage targets, as mineralization is widespread along approximately 1 kilometer and occurs in several structures. The Company’s geological team identified the presence of high-grade ore chutes within the known areas of mineralization and have drilled high-grade gold in the Gratien Main Zone and the Upper Gratien Zone. Results to date include:



  • 20.14 g/t Au over 4.90m in PEG-19-65

  • 16.77 g/t Au over 4.25 m in PEG-19-66

  • 27.46 g/t Au over 4.90 m in PEG-19-68

  • 47.96 g/t Au over 4.95 m including 315.4 g/t Au over 0.5 m and 102.96 g/t Au over 0.7 m in PEG-19-89


These results are comparable to the high-grade typically seen in the Eastern Gold Zone and Amex is very encouraged to see it in the Gratien which is located 1.5 km to the West. High grade gold mineralization can now be traced over a sub-horizontal strike of 360 metres at Gratien in close proximity to surface.


Grey Cat Zone
In August of this year, the Company initiated a drilling program on the Grey Cat Gold Zone, which was a regional exploration target on trend with the Gratien Zones. Drilling was very successful in identifying a zone of disseminated and high-grade gold which occurs from surface to a depth of ~400 metres and over a strike length of ~175 metres. Results to date include:



  • 3.42 g/t au over 26.90 m in PEG-19-80

  • 9.39 g/t Au over 6.50 m in PEG-19-94

  • 23.95 g/t Au over 2.70 m on PEG-19-103


Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.


The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.


About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and Ontario. Amex provides all current and historical drill data for the Perron project on its website at http://www.amexexploration.com/perron/drill-data-room/


For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209


Neither the 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.


Forward-looking statements:


This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and LGZ, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “to earn”, “to have’, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company’s expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes,  title disputes and claims, environmental risks as well as those risks identified in the Company’s annual Management’s Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.


 Primary Logo



Figure 1



 



Regional Exploration Targets on the Perron Property with Known Mineralized Zones. Current and Historical Drill Collar Locations are Represented by Black Dots on Both Maps.




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8020 Admin

4 days ago

8020 Admin posted a press release Eric Sprott Announces Holdings in Amex Exploration Inc. in AMEX EXPLORATION INC.

Toronto, Ontario--(Newsfile Corp. - November 7, 2019) - Eric Sprott announces that today, 2176423 Ontario Ltd. (a corporation he beneficially owns) purchased 2,000,000 common shares (Shares) and 1,000,000 Share purchase warrants (Warrants) of Amex Exploration Inc., through a private agreement for total consideration of $2 million, representing an increase in holdings of approximately 4.2% of the outstanding Shares on a partially diluted basis since the last early warning report. Prior to the acquisition, Mr. Sprott beneficially owned and controlled 4,714,000 Shares and 2,000,000 Warrants representing approximately 7.6% of the outstanding Shares on a non-diluted basis and approximately 10.5% on a partially diluted basis assuming the exercise of all Warrants.


As a result of the Acquisition, Mr. Sprott now beneficially owns and controls 6,714,400 Shares and 3,000,000 Warrants representing approximately 10.8% of the outstanding Shares on a non-diluted basis and approximately 14.9% on a partially diluted basis assuming the exercise of all Warrants.


The Acquisition resulted in a partially diluted beneficial ownership change of greater than 2% and, therefore, the filing of an update to the early warning report.


The securities noted above are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Amex Exploration including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.


Amex Exploration is located at 236-410 St-Nicolas Street, Montreal, Quebec, H2Y 2P5. A copy of the early warning report with respect to the foregoing will appear on the company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and may also be obtained by calling Mr. Sprott's office at (416) 945-3294.


2176423 Ontario Ltd.
200 Bay Street, Suite 2600
Royal Bank Plaza, South Tower
Toronto, Ontario M5J 2J1


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49548

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8020 Admin

4 days ago

8020 Admin posted a press release AMEX Announces Closing of C$8 Million Bought Deal Private Placement in AMEX EXPLORATION INC.


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (the “Company”) (TSXV: AMX) is pleased to announce that it has closed the previously announced brokered private placement for aggregate gross proceeds of $8,000,100 (the “Offering”).


Pursuant to the Offering, the Company issued, on a “bought deal” private placement basis, an aggregate of 4,444,500 flow-through units (each, a “FT Unit”), which underlying common shares qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)), at a price of $1.80 per FT Unit. Each FT Unit consists of one common share of the Company issued on a flow-through basis and one-half of one common share purchase warrant issued on a non-flow-through basis (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $1.50 until May 7, 2021.


The Company is also pleased to announce that the Underwriters have partially exercised their option to increase the size of the Offering, by agreeing to purchase an additional 545,500 FT Units for additional gross proceeds of $981,900, which is expected to close on or about November 19, 2019, or such other date as the Company and the Underwriters may agree.


PI Financial Corp. and Generic Capital Corporation acted as co-lead underwriters on behalf of a syndicate of underwriters which included Canaccord Genuity Corp. and Laurentian Bank Securities Inc. (collectively, the “Underwriters”). In connection with the Offering, the Underwriters received: (i) a cash commission of 6.0% of the gross proceeds of the Offering, excluding gross proceeds from the issuance of FT Units on a president’s list agreed upon by the Company and the Underwriters (the “President’s List”) for which a commission of 3.0% of such gross proceeds was paid by the Company to the Underwriters; and (ii) that number of non-transferable compensation options (the “Compensation Options”) as is equal to (a) 6.0% of the aggregate number of FT Units sold under the Offering, excluding those FT Units sold to subscribers on the President’s List, and (b) 3.0% of the aggregate number of FT Units sold under the Offering to participants on the President’s List. Each Compensation Option is exercisable into one common share of the Company at a price of $1.50 per common share for a period of 18 months from the closing date of the Offering.


The gross proceeds from the sale of the FT Units will be used for general exploration expenditures on the Company’s properties located in Quebec.


The securities issued under the Offering are subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The Offering is subject to final approval of the TSX Venture Exchange.


The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About Amex


Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron gold project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and Ontario.


For further information please contact:


Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209


Neither the 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.


Forward-looking statements:


This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the completion of the Offering as described herein are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “to earn”, “to have’, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain any necessary regulatory approvals, the termination of any agreement governing the Offering, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company’s annual Management’s Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.


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8020 Admin

14 days ago

8020 Admin posted a press release Amex Exploration Inc. Opens the Market in AMEX EXPLORATION INC.

TORONTO, Oct. 25, 2019 /CNW/ - Victor Cantore, President and Chief Executive Officer, Amex Exploration Inc. (AMX), joined Sylvain Martel, Director, Capital Formation, Ontario & Québec, TSX Venture Exchange, to open the market. Amex Exploration is a junior mining exploration company, which is acquiring, exploring, and developing viable gold and base metal projects in the mining-friendly jurisdictions of Québec and Ontario.



Amex Exploration Inc. Opens the Market (CNW Group/TMX Group Limited)



SOURCE TMX Group Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2019/28/c9426.html

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8020 Admin

26 days ago

8020 Admin posted a press release IIROC Trading Resumption - AMX in AMEX EXPLORATION INC.


VANCOUVER, Oct. 16, 2019 /CNW/ - Trading resumes in:


Company: Amex Exploration Inc.


TSX-Venture Symbol: AMX (All Issues)


Resumption (ET): 9:45 AM


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions



 


View original content: http://www.newswire.ca/en/releases/archive/October2019/16/c9357.html



For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.Copyright CNW Group 2019

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8020 Admin

27 days ago

8020 Admin posted a press release AMEX Announces C$8 Million Bought Deal Private Placement, Including a Strategic Investment by Eric Sprott in AMEX EXPLORATION INC.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex” or the “Company”) (TSXV: AMX) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by PI Financial Corp. and Generic Capital Corporation (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 4,444,500 flow-through units (the “Flow-Through Units”) of the Company, at a price per Flow-Through Unit of $1.80 (the “Issue Price”), for gross proceeds of C$8,000,100 (the "Offering"). The Issue Price represents a premium of approximately 63% to the closing price of the Corporation's common shares on the TSX Venture Exchange on October 15, 2019.


Each Flow-Through Unit shall be comprised of one common share of the Company issued on a flow-through basis (“Flow-Through Share”) and one-half of one common share purchase warrant to be issued on a non-flow-through basis (each whole such warrant, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one common share of Amex at a price of $1.50 for a period of 18 months following the closing of the Offering. The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)).


The Company is pleased to announce that the Underwriters have advised the Company that Eric Sprott has agreed to make a strategic investment in connection with the Offering. On completion of the Offering, it is expected that Eric Sprott will own ~14.2% of Amex on a non-diluted basis.


The Company has also granted the underwriters an option to purchase up to an additional 888,900 Flow-Through Units to cover over-allotments, exercisable in whole or in part at any time prior to the closing date of the Offering.


The gross proceeds from the sale of the Flow-Through Shares will be used for general exploration expenditures on Amex’s properties located in Quebec.


The Offering is scheduled to close on or about November 5, 2019, or such other date as agreed between the Company and the underwriters, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.


In connection with the Offering, the underwriters will receive on closing of the Offering: (i) a cash commission of 6.0% of the gross proceeds of the Offering, excluding gross proceeds from the issuance of Flow-Through Units on a president’s list to be agreed upon by the Company and the Underwriters (the “President’s List”) for which a commission of 3.0% of such gross proceeds will be paid by the Company to the Underwriters; and (ii) that number of non-transferable compensation options as is equal to (a) 6.0% of the aggregate number of Flow-Through Units sold under the Offering, excluding those Flow-Through Units sold to subscribers on the President’s List, and (b) 3.0% of the aggregate number of Flow-Through Units sold under the Offering to participants on the President’s List. Each compensation option shall be exercisable into one common share of the Company at a price of $1.50 per common share for a period of 18 months from the closing date of the Offering.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and Ontario.


For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209


Neither the 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.


Forward-looking statements:


This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the completion of the Offering as described herein are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “to earn”, “to have’, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain any necessary regulatory approvals, the termination of any agreement governing the Offering, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company’s annual Management’s Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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8020 Admin

27 days ago

8020 Admin posted a press release IIROC Trading Halt - AMX in AMEX EXPLORATION INC.





VANCOUVER, Oct. 15, 2019 /CNW/ - The following issues have been halted by IIROC:


Company: Amex Exploration Inc.


TSX-Venture Symbol: AMX (all issues)


Reason: At the Request of the Company Pending News


Halt Time (ET): 3:26 pm


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions



 


View original content: http://www.newswire.ca/en/releases/archive/October2019/15/c0865.html



For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.

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8020 Admin

27 days ago

8020 Admin posted a press release High Grade Gold Intersected in Three Gold Zones at Perron; Increases Gold Corridor to 3 Kilometers in AMEX EXPLORATION INC.

• Up to 114.96 g/t Au over 0.50 m and 91.06 g/t Au over 0.70 m in Grey Cat Gold Zone
• Grey Cat Extended by 50 m Along Strike
• High Grade Gold Intersected in Eastern Extension of Gratien Gold Zone
• Lateral Step Out Holes Intersected Visible Gold up to 600m east of Eastern Gold Zone

MONTREAL, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on its Perron property in northwestern Quebec, Canada (see figure 1.) A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/


The drill results include intersections from the Grey Cat Gold Zone, (Grey Cat,) Eastern Gold Zone (EGZ,) and the Gratien Gold Zone (Gratien,) as well as on-strike exploration targets from EGZ and Grey Cat.


Figure 1: Perron Property with mineralized zones: https://www.globenewswire.com/NewsRoom/AttachmentNg/7a78747b-94ef-46a2-9c83-a8434a5ed520


At Grey Cat, drilling extended the strike length of the zone by 50 m laterally and 50 m vertically. The Grey Cat sits about 650 meters northeast of the Gratien to the north of the regional Perron Fault. The new Grey Cat is a near-surface zone, with gold mineralization starting at a vertical depth of only 14 m from surface, and is open to depth and along strike, making this target amenable to open pit mining methods. The Grey Cat area has seen very little exploration to date, making this a very attractive future exploration target. Highlight drill results include



  • Hole PEG-19-94 intersected 42.72 g/t Au over 1.4 m including 114.96 g/t Au over 0.50 m.

  • Hole PEG-19-103 intersected 23.95 g/t Au over 2.70 m including 91.06 g/t Au over 0.70 m.


At Gratien,



  • Hole PE-19-86 intersected 16.63 g/t Au over 0.95 m in the Eastern extensions of the known zones and over 100 m from historical hole 163-14-005 (drilled by Agnico Eagle Mines Limited) which intersected 5.27 g/t Au over 5.00 m.

  • Hole PEG-19-88 intersected a near-surface zone at a vertical depth of ~40 m which returned 62.81 g/t Au over 0.50 m located 45 m updip of previously released hole PEG-19-72 that intersected 75.76 g/t Au over 0.50 m.


At EGZ, drilling continues to support a high-grade zone within a broader panel of disseminated gold at the Denise Zone



  • Hole PE-19-91 intersected the Denise Zone with an interval grading 3.49 g/t Au over 7.40 m including 9.33 g/t Au over 2.30 m at a vertical depth of ~525 m which is located 50 m west of previously released PEG-19-82 which returned 178.16 g/t Au over 1.20 m.


Also at the EGZ in exploration drilling, three step-out drillholes were completed testing the on-strike extension of the EGZ at 300, 450, and 600 metres east of the known mineralized zones. Each of the three holes successfully intersected gold mineralized zones with two holes having visible gold, including



  • Hole PE-19-97, a 300 m stepout from the EGZ, intersected visible gold in an interval of 1.05 g/t Au over 6.00 m including 9.38 g/t Au over 0.50 m at a vertical depth of ~240 m.

  • Hole PE-19-99, a 450 m stepout from the EGZ, intersected an interval grading 2.90 g/t Au over 1.20 metres and 1.11 g/t Au over 1.00 metres.

  • Hole PE-19-100, a 600 m stepout from the EGZ, intersected visible gold within an interval grading 1.17 g/t Au over 2.50 metres including 3.11 g/t Au over 0.80 metres.


The drill results, reported from several zones across Perron’s gold-bearing corridor, continue to demonstrate the robust nature of the gold zones identified to date on the Perron property. Continued exploration will focus on the definition and extent of these known zones as well as testing along strike of the contact of the gold-bearing Beaupré Rhyolite which is comprised of the 7 km long southern Perron fault and the 8.4 km long northern Normetal fault, both of which are known to host high-grade gold mineralization.


Jacques Trottier, PhD, Chairman of Amex Exploration, commented, “I am very pleased that all three gold zones continue to deliver meaningful results as we look to build multiple gold resources on Perron. The Grey Cat was recently discovered during this summer’s regional exploration drilling program. We have intersected excellent gold mineralization in this zone since its discovery and I am very excited by the potential there given that it is near surface, the area is underexplored, and the zone is open in all directions.”


Trottier continued, “At Gratien, I see equal promise from our current round of drilling on this target which also began in the summer. The Gratien is a kilometer-long set of mineralized structures previously explored as a bulk tonnage gold target. Our recent reinterpretation and 3D modelling directed our drills to areas of high-grade lenses that show similarities to the EGZ. All our drilling in this area is accretive and is building upon historical work. In addition to the near-surface lower grade lenses of gold mineralization, the high grade zone can now be traced over a sub-horizontal strike of 360 metres at Gratien and is in close proximity to surface. Finally at the EGZ, this round of drilling continues to support our reinterpretation of the Denise Zone where we are seeing the gold mineralization strengthening at depth with a high grade zone developing within a broader panel of disseminated gold. In addition, our aggressive step out program is also extremely encouraging, with gold mineralization being intersected up to 600 m to the east of the EGZ  adding strike length to the gold mineralized corridor which in now roughly 3 km laterally. All said, this has been an extremely successful drill campaign to date and I look forward to testing new target areas along the lateral extensions of this favourable gold corridor as outlined by our exploration team. We will be providing more updates on a regular basis given that we can drill and explore year-round at Perron.”


Table 1: Assay results from Grey Cat, Gratien, and EGZ zones on the Perron project


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=8159495130621767 

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Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base metals deposits in mining-friendly jurisdictions. Amex has multiple highly prospective projects: the 100% owned Perron gold and base metal project located 110 kilometres north of R...

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Amex Exploration Inc.

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Amex Exploration Inc. (TSX-V: AMX) is a junior mining exploration company focused on developing viable gold and base ......

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4 hours ago

8020 Admin posted a press release Amex Announces Fully Funded 100,000 m Expanded Drill Program on Perron Gold Property in Quebec in AMEX EXPLORATION INC.

Most Significant Exploration Program to Date


MONTREAL, Nov. 11, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to announce its expanded fully funded 100,000 m exploration drill program for 2019 and 2020, following the successful closing of an oversubscribed financing (see Amex PR dated 11-08-2019).


2019 Drill Program 40,000 m Highlights:



  • 27,500 m drilled to date with 12,500 m remaining to year-end

  • Drilling focused on the 3 distinct high-grade gold zones discovered in 2019, namely the Eastern Gold Zone (“EGZ”), the Gratien and Upper Gratien Zones (“Gratien”), and the Grey Cat Zone (“Grey Cat”)

  • Identification of a 3 km gold corridor in the Beaupré bloc, associated with anomalous to ore-grade gold mineralization

  • Approximately 4 km of the 7 km Perron Fault and 8.4 km of the Normetal fault left to be  explored

  • 3D modelling has identified at least 5 new high-priority exploration targets on the Perron and Normetal Faults


60,000 m Drill Program for 2020:



  • Up to 3 drills focused on continued definition and expansion of the known mineralized gold zones on Perron, (EGZ, Gratien and the Grey Cat). All 3 gold zones are open along strike and at depth and targeted drilling on these gold zones will be accretive and focus on building gold ounces for an eventual NI 43-101 compliant resource estimate.

  • Launch a regional exploration drill program based on 3D modelling from the 2019 program. Regional drilling will focus on targets that have seen very limited or no drilling. These targets share similarities with the known gold zones on Perron, including: proximity of second-order thrust faults; intersections of thrust faults and third-order structures within the Beaupre Rhyolite block; high-magnetic lineaments; and the presence of ultramafic to mafic intrusions. The regional targets are located along the 7 km long southern Perron thrust fault and the 8.4 km long northern Normetal thrust fault, which both bound the unconformable gold-bearing Beaupre rhyolite block. A map of these targets is provided in figure 1.

  • Initiate a high-resolution drone magnetic survey to assist in identifying and confirming the presence of structures which may be associated with additional gold mineralization. This drone magnetic survey will be completed at 25 metre spaced lines and flown with a sensor height of approximatively 20 metres above ground level.


Figure 1: Regional Exploration Targets on the Perron Property with Known Mineralized Zones. Current and Historical Drill Collar Locations are Represented by Black Dots on Both Maps.


https://www.globenewswire.com/NewsRoom/AttachmentNg/877199d5-e544-4d97-a662-2a75864d3585


Victor Cantore, President and CEO of Amex Exploration, commented, “With the completion of today’s oversubscribed financing, the Company is well funded to complete the most significant exploration program to date on the Perron project. As indicated in figure 1, much of the historical work has been focused on the central portion of the property, proximal to existing drilling roads and trails. With the knowledge gained from our exploration work on the three recent discoveries on the project we have identified a number of very significant regional targets that bear a striking resemblance to these known discoveries. We look forward to testing these known zones and potential new discoveries.”


The Perron Project


The Perron property is 100% owned and is about 45 km2 in size. The property hosts two faults of interest, the Perron and the Normetal faults, which collectively span over 15 km of strike length.  The Project is located in the town of Normetal which makes infrastructure excellent, enabling Amex to drill year-round and realize excellent value for its exploration dollars spent in the ground.


Eastern Gold Zone
The Eastern Gold Zone is comprised of three lenses of gold mineralization (the High Grade Zone (HGZ) and the Denise 1 and 2 Zones). The High Grade Zone lens has now been defined to a strike length of up to 130 metres and from surface to a depth of ~585 metres. The Denise 1 Zone lens has been defined to a strike length of up to 300 metres and from approximately 100 metres below surface to a depth of up to ~550 metres. Results to date include:


Within the High Grade Zone Amex has drilled 26 drill holes that have intersected gold mineralization greater than 10 g/t Au over variable widths. Examples of drilling include:



  • 56.75 g/t Au over 8.50 m in hole PE-19-27

  • 393.33 g/t Au over 1.70 m in hole PE-19-22

  • 30.98 g/t Au over 8.50 m in hole PE-19-45

  • 32.11 g/t Au over 7.20 m in hole PE-19-33


The Denise Zone was thought to be a low grade zone until recent drilling which changed the interpretation of the system. Recent high-grade intersections in the Denise Zone shares several characteristics with the High Grade Zone, including:



  • 39.94 g/t Au over 5.50 m in hole PE-19-83

  • 4.92 g/t Au over 13.50 m in hole PE-19-37EXT

  • 3.49 g/t Au over 7.40 m in hole PE-19-91


At the Denise, the gold mineralization appears to be strengthening at depth and a high grade zone is developing within a broader panel of disseminated gold. 


Gratien Gold Zone
In July of this year, the Company initiated a drilling program on the Gratien Main Zone and the Upper Gratien Gold Zone. These zones were first discovered in the 1990s and explored as bulk tonnage targets, as mineralization is widespread along approximately 1 kilometer and occurs in several structures. The Company’s geological team identified the presence of high-grade ore chutes within the known areas of mineralization and have drilled high-grade gold in the Gratien Main Zone and the Upper Gratien Zone. Results to date include:



  • 20.14 g/t Au over 4.90m in PEG-19-65

  • 16.77 g/t Au over 4.25 m in PEG-19-66

  • 27.46 g/t Au over 4.90 m in PEG-19-68

  • 47.96 g/t Au over 4.95 m including 315.4 g/t Au over 0.5 m and 102.96 g/t Au over 0.7 m in PEG-19-89


These results are comparable to the high-grade typically seen in the Eastern Gold Zone and Amex is very encouraged to see it in the Gratien which is located 1.5 km to the West. High grade gold mineralization can now be traced over a sub-horizontal strike of 360 metres at Gratien in close proximity to surface.


Grey Cat Zone
In August of this year, the Company initiated a drilling program on the Grey Cat Gold Zone, which was a regional exploration target on trend with the Gratien Zones. Drilling was very successful in identifying a zone of disseminated and high-grade gold which occurs from surface to a depth of ~400 metres and over a strike length of ~175 metres. Results to date include:



  • 3.42 g/t au over 26.90 m in PEG-19-80

  • 9.39 g/t Au over 6.50 m in PEG-19-94

  • 23.95 g/t Au over 2.70 m on PEG-19-103


Qualified Person
Maxime Bouchard P.Geo. M.Sc.A., (OGQ 1752) and Jérôme Augustin P.Geo. Ph.D., (OGQ 2134), Independent Qualified Persons as defined by Canadian NI 43-101 standards, have reviewed and approved the geological information reported in this news release. The drilling campaign and the quality control program have been planned and supervised by Maxime Bouchard and Jérôme Augustin. The quality assurance and quality control protocol include insertion of blank or standard every 10 samples on average, in addition to the regular insertion of blank, duplicate, and standard samples accredited by Laboratoire Expert during the analytical process. Gold values are estimated by fire assay with finish by atomic absorption and values over 3 ppm Au are reanalyzed by fire assay with finish by gravimetry by Laboratoire Expert Inc, Rouyn-Noranda. Samples containing visible gold mineralization are analyzed by metallic sieve. For additional quality assurance and quality control, all samples were crushed to 90% less than 2 mm prior to pulverization, in order to homogenize samples which may contain coarse gold. Core logging and sampling were completed by Laurentia Exploration.


The Qualified Persons have not completed sufficient work to verify the historic information on the Property, particularly in regards to the historical drill results. However, the Qualified Persons believe that drilling and analytical results were completed to industry standard practices. The information provides an indication of the exploration potential of the Property but may not be representative of expected results.


About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and Ontario. Amex provides all current and historical drill data for the Perron project on its website at http://www.amexexploration.com/perron/drill-data-room/


For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209


Neither the 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.


Forward-looking statements:


This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the planned exploration program on the HGZ and LGZ, the expected positive exploration results, the extension of the mineralized zones, the timing of the exploration results, the ability of the Company to continue with the exploration program, the availability of the required funds to continue with the exploration and the potential mineralization or potential mineral resources are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “to earn”, “to have’, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to meet expected, estimated or planned exploration expenditures, failure to establish estimated mineral resources, the possibility that future exploration results will not be consistent with the Company’s expectations, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes,  title disputes and claims, environmental risks as well as those risks identified in the Company’s annual Management’s Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.


 Primary Logo



Figure 1



 



Regional Exploration Targets on the Perron Property with Known Mineralized Zones. Current and Historical Drill Collar Locations are Represented by Black Dots on Both Maps.




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8020 Admin

4 days ago

8020 Admin posted a press release Eric Sprott Announces Holdings in Amex Exploration Inc. in AMEX EXPLORATION INC.

Toronto, Ontario--(Newsfile Corp. - November 7, 2019) - Eric Sprott announces that today, 2176423 Ontario Ltd. (a corporation he beneficially owns) purchased 2,000,000 common shares (Shares) and 1,000,000 Share purchase warrants (Warrants) of Amex Exploration Inc., through a private agreement for total consideration of $2 million, representing an increase in holdings of approximately 4.2% of the outstanding Shares on a partially diluted basis since the last early warning report. Prior to the acquisition, Mr. Sprott beneficially owned and controlled 4,714,000 Shares and 2,000,000 Warrants representing approximately 7.6% of the outstanding Shares on a non-diluted basis and approximately 10.5% on a partially diluted basis assuming the exercise of all Warrants.


As a result of the Acquisition, Mr. Sprott now beneficially owns and controls 6,714,400 Shares and 3,000,000 Warrants representing approximately 10.8% of the outstanding Shares on a non-diluted basis and approximately 14.9% on a partially diluted basis assuming the exercise of all Warrants.


The Acquisition resulted in a partially diluted beneficial ownership change of greater than 2% and, therefore, the filing of an update to the early warning report.


The securities noted above are held for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Amex Exploration including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.


Amex Exploration is located at 236-410 St-Nicolas Street, Montreal, Quebec, H2Y 2P5. A copy of the early warning report with respect to the foregoing will appear on the company's profile on the System for Electronic Document Analysis and Retrieval ("SEDAR") at www.sedar.com and may also be obtained by calling Mr. Sprott's office at (416) 945-3294.


2176423 Ontario Ltd.
200 Bay Street, Suite 2600
Royal Bank Plaza, South Tower
Toronto, Ontario M5J 2J1


To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49548

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8020 Admin

4 days ago

8020 Admin posted a press release AMEX Announces Closing of C$8 Million Bought Deal Private Placement in AMEX EXPLORATION INC.


NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Nov. 07, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (the “Company”) (TSXV: AMX) is pleased to announce that it has closed the previously announced brokered private placement for aggregate gross proceeds of $8,000,100 (the “Offering”).


Pursuant to the Offering, the Company issued, on a “bought deal” private placement basis, an aggregate of 4,444,500 flow-through units (each, a “FT Unit”), which underlying common shares qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)), at a price of $1.80 per FT Unit. Each FT Unit consists of one common share of the Company issued on a flow-through basis and one-half of one common share purchase warrant issued on a non-flow-through basis (each whole common share purchase warrant, a “Warrant”). Each Warrant entitles the holder thereof to acquire one common share of the Company at a price of $1.50 until May 7, 2021.


The Company is also pleased to announce that the Underwriters have partially exercised their option to increase the size of the Offering, by agreeing to purchase an additional 545,500 FT Units for additional gross proceeds of $981,900, which is expected to close on or about November 19, 2019, or such other date as the Company and the Underwriters may agree.


PI Financial Corp. and Generic Capital Corporation acted as co-lead underwriters on behalf of a syndicate of underwriters which included Canaccord Genuity Corp. and Laurentian Bank Securities Inc. (collectively, the “Underwriters”). In connection with the Offering, the Underwriters received: (i) a cash commission of 6.0% of the gross proceeds of the Offering, excluding gross proceeds from the issuance of FT Units on a president’s list agreed upon by the Company and the Underwriters (the “President’s List”) for which a commission of 3.0% of such gross proceeds was paid by the Company to the Underwriters; and (ii) that number of non-transferable compensation options (the “Compensation Options”) as is equal to (a) 6.0% of the aggregate number of FT Units sold under the Offering, excluding those FT Units sold to subscribers on the President’s List, and (b) 3.0% of the aggregate number of FT Units sold under the Offering to participants on the President’s List. Each Compensation Option is exercisable into one common share of the Company at a price of $1.50 per common share for a period of 18 months from the closing date of the Offering.


The gross proceeds from the sale of the FT Units will be used for general exploration expenditures on the Company’s properties located in Quebec.


The securities issued under the Offering are subject to a hold period of four months and one day from the date of issuance in accordance with applicable securities laws. The Offering is subject to final approval of the TSX Venture Exchange.


The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About Amex


Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron gold project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and Ontario.


For further information please contact:


Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209


Neither the 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.


Forward-looking statements:


This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the completion of the Offering as described herein are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “to earn”, “to have’, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain any necessary regulatory approvals, the termination of any agreement governing the Offering, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company’s annual Management’s Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.


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8020 Admin

14 days ago

8020 Admin posted a press release Amex Exploration Inc. Opens the Market in AMEX EXPLORATION INC.

TORONTO, Oct. 25, 2019 /CNW/ - Victor Cantore, President and Chief Executive Officer, Amex Exploration Inc. (AMX), joined Sylvain Martel, Director, Capital Formation, Ontario & Québec, TSX Venture Exchange, to open the market. Amex Exploration is a junior mining exploration company, which is acquiring, exploring, and developing viable gold and base metal projects in the mining-friendly jurisdictions of Québec and Ontario.



Amex Exploration Inc. Opens the Market (CNW Group/TMX Group Limited)



SOURCE TMX Group Limited


View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2019/28/c9426.html

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8020 Admin

26 days ago

8020 Admin posted a press release IIROC Trading Resumption - AMX in AMEX EXPLORATION INC.


VANCOUVER, Oct. 16, 2019 /CNW/ - Trading resumes in:


Company: Amex Exploration Inc.


TSX-Venture Symbol: AMX (All Issues)


Resumption (ET): 9:45 AM


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions



 


View original content: http://www.newswire.ca/en/releases/archive/October2019/16/c9357.html



For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.Copyright CNW Group 2019

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8020 Admin

27 days ago

8020 Admin posted a press release AMEX Announces C$8 Million Bought Deal Private Placement, Including a Strategic Investment by Eric Sprott in AMEX EXPLORATION INC.

NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES

TORONTO, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex” or the “Company”) (TSXV: AMX) is pleased to announce that it has entered into an agreement with a syndicate of underwriters co-led by PI Financial Corp. and Generic Capital Corporation (collectively, the "Underwriters"), pursuant to which the Underwriters have agreed to purchase, on a "bought deal" private placement basis, 4,444,500 flow-through units (the “Flow-Through Units”) of the Company, at a price per Flow-Through Unit of $1.80 (the “Issue Price”), for gross proceeds of C$8,000,100 (the "Offering"). The Issue Price represents a premium of approximately 63% to the closing price of the Corporation's common shares on the TSX Venture Exchange on October 15, 2019.


Each Flow-Through Unit shall be comprised of one common share of the Company issued on a flow-through basis (“Flow-Through Share”) and one-half of one common share purchase warrant to be issued on a non-flow-through basis (each whole such warrant, a “Warrant”). Each whole Warrant shall entitle the holder thereof to acquire one common share of Amex at a price of $1.50 for a period of 18 months following the closing of the Offering. The Flow-Through Shares will qualify as “flow-through shares” (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec)).


The Company is pleased to announce that the Underwriters have advised the Company that Eric Sprott has agreed to make a strategic investment in connection with the Offering. On completion of the Offering, it is expected that Eric Sprott will own ~14.2% of Amex on a non-diluted basis.


The Company has also granted the underwriters an option to purchase up to an additional 888,900 Flow-Through Units to cover over-allotments, exercisable in whole or in part at any time prior to the closing date of the Offering.


The gross proceeds from the sale of the Flow-Through Shares will be used for general exploration expenditures on Amex’s properties located in Quebec.


The Offering is scheduled to close on or about November 5, 2019, or such other date as agreed between the Company and the underwriters, and is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and other approvals including the approval of the TSX Venture Exchange.


In connection with the Offering, the underwriters will receive on closing of the Offering: (i) a cash commission of 6.0% of the gross proceeds of the Offering, excluding gross proceeds from the issuance of Flow-Through Units on a president’s list to be agreed upon by the Company and the Underwriters (the “President’s List”) for which a commission of 3.0% of such gross proceeds will be paid by the Company to the Underwriters; and (ii) that number of non-transferable compensation options as is equal to (a) 6.0% of the aggregate number of Flow-Through Units sold under the Offering, excluding those Flow-Through Units sold to subscribers on the President’s List, and (b) 3.0% of the aggregate number of Flow-Through Units sold under the Offering to participants on the President’s List. Each compensation option shall be exercisable into one common share of the Company at a price of $1.50 per common share for a period of 18 months from the closing date of the Offering.


This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.


About Amex
Amex Exploration Inc. is a junior mining exploration company, the primary objective of which is to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdictions of Quebec and Ontario. Amex is focused on its 100% owned Perron gold project located 110 kilometers north of Rouyn Noranda, Quebec, consisting of 116 contiguous claims covering 4,518 hectares. A number of significant gold discoveries have been made at Perron, including the Eastern Gold Zone, the Gratien Gold Zone, the Grey Cat Zone, and the Central Polymetallic Zone. High-grade gold has been identified in each of the zones. A significant portion of the project remains underexplored. In addition to the Perron project, the company holds a portfolio of three other properties focused on gold and base metals in the Abitibi region of Quebec and Ontario.


For further information please contact:
Victor Cantore
President and Chief Executive Officer
Amex Exploration: 514-866-8209


Neither the 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.


Forward-looking statements:


This news release contains forward-looking statements. All statements, other than of historical facts, that address activities, events or developments that the Company believes, expects or anticipates will or may occur in the future including, without limitation, the completion of the Offering as described herein are forward-looking statements. Forward-looking statements are generally identifiable by use of the words “will”, “should”, “continue”, “expect”, “anticipate”, “estimate”, “believe”, “intend”, “to earn”, “to have’, “plan” or “project” or the negative of these words or other variations on these words or comparable terminology. Forward-looking statements are subject to a number of risks and uncertainties, many of which are beyond the Company’s ability to control or predict, that may cause the actual results of the Company to differ materially from those discussed in the forward-looking statements. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to obtain any necessary regulatory approvals, the termination of any agreement governing the Offering, general business and economic conditions, changes in world gold markets, sufficient labour and equipment being available, changes in laws and permitting requirements, unanticipated weather changes, title disputes and claims, environmental risks as well as those risks identified in the Company’s annual Management’s Discussion and Analysis. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described and accordingly, readers should not place undue reliance on forward-looking statements. Although the Company has attempted to identify important risks, uncertainties and factors which could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. The Company does not intend, and does not assume any obligation, to update these forward-looking statements except as otherwise required by applicable law.

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8020 Admin

27 days ago

8020 Admin posted a press release IIROC Trading Halt - AMX in AMEX EXPLORATION INC.





VANCOUVER, Oct. 15, 2019 /CNW/ - The following issues have been halted by IIROC:


Company: Amex Exploration Inc.


TSX-Venture Symbol: AMX (all issues)


Reason: At the Request of the Company Pending News


Halt Time (ET): 3:26 pm


IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.


SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions



 


View original content: http://www.newswire.ca/en/releases/archive/October2019/15/c0865.html



For further information about IIROC's trading halt policy, please see Trading Halts & Timely Disclosure (http://www.iiroc.ca/industry/marketmonitoringanalysis/Pages/Trading-Halts-Timely-Disclosure.aspx) at www.iiroc.ca under the Halts & Resumptions tab. Please note that IIROC staff cannot provide any information about a specific halt beyond what is contained in this halt notice. For general information about IIROC, contact IIROC's Complaints & Inquiries team at inquiries@iiroc.ca or 1-877-442-4322 (Option 2). For company-related enquiries, contact the company directly.

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8020 Admin

27 days ago

8020 Admin posted a press release High Grade Gold Intersected in Three Gold Zones at Perron; Increases Gold Corridor to 3 Kilometers in AMEX EXPLORATION INC.

• Up to 114.96 g/t Au over 0.50 m and 91.06 g/t Au over 0.70 m in Grey Cat Gold Zone
• Grey Cat Extended by 50 m Along Strike
• High Grade Gold Intersected in Eastern Extension of Gratien Gold Zone
• Lateral Step Out Holes Intersected Visible Gold up to 600m east of Eastern Gold Zone

MONTREAL, Oct. 15, 2019 (GLOBE NEWSWIRE) -- Amex Exploration Inc. (“Amex or the Company”) (TSX-V: AMX, FRA: MX0, OTCQX: AMXEF) is very pleased to report the results of several drill holes on its Perron property in northwestern Quebec, Canada (see figure 1.) A complete list of results is provided in table 1. Amex provides all drill data on its website at http://www.amexexploration.com/perron/drill-data-room/


The drill results include intersections from the Grey Cat Gold Zone, (Grey Cat,) Eastern Gold Zone (EGZ,) and the Gratien Gold Zone (Gratien,) as well as on-strike exploration targets from EGZ and Grey Cat.


Figure 1: Perron Property with mineralized zones: https://www.globenewswire.com/NewsRoom/AttachmentNg/7a78747b-94ef-46a2-9c83-a8434a5ed520


At Grey Cat, drilling extended the strike length of the zone by 50 m laterally and 50 m vertically. The Grey Cat sits about 650 meters northeast of the Gratien to the north of the regional Perron Fault. The new Grey Cat is a near-surface zone, with gold mineralization starting at a vertical depth of only 14 m from surface, and is open to depth and along strike, making this target amenable to open pit mining methods. The Grey Cat area has seen very little exploration to date, making this a very attractive future exploration target. Highlight drill results include



  • Hole PEG-19-94 intersected 42.72 g/t Au over 1.4 m including 114.96 g/t Au over 0.50 m.

  • Hole PEG-19-103 intersected 23.95 g/t Au over 2.70 m including 91.06 g/t Au over 0.70 m.


At Gratien,



  • Hole PE-19-86 intersected 16.63 g/t Au over 0.95 m in the Eastern extensions of the known zones and over 100 m from historical hole 163-14-005 (drilled by Agnico Eagle Mines Limited) which intersected 5.27 g/t Au over 5.00 m.

  • Hole PEG-19-88 intersected a near-surface zone at a vertical depth of ~40 m which returned 62.81 g/t Au over 0.50 m located 45 m updip of previously released hole PEG-19-72 that intersected 75.76 g/t Au over 0.50 m.


At EGZ, drilling continues to support a high-grade zone within a broader panel of disseminated gold at the Denise Zone



  • Hole PE-19-91 intersected the Denise Zone with an interval grading 3.49 g/t Au over 7.40 m including 9.33 g/t Au over 2.30 m at a vertical depth of ~525 m which is located 50 m west of previously released PEG-19-82 which returned 178.16 g/t Au over 1.20 m.


Also at the EGZ in exploration drilling, three step-out drillholes were completed testing the on-strike extension of the EGZ at 300, 450, and 600 metres east of the known mineralized zones. Each of the three holes successfully intersected gold mineralized zones with two holes having visible gold, including



  • Hole PE-19-97, a 300 m stepout from the EGZ, intersected visible gold in an interval of 1.05 g/t Au over 6.00 m including 9.38 g/t Au over 0.50 m at a vertical depth of ~240 m.

  • Hole PE-19-99, a 450 m stepout from the EGZ, intersected an interval grading 2.90 g/t Au over 1.20 metres and 1.11 g/t Au over 1.00 metres.

  • Hole PE-19-100, a 600 m stepout from the EGZ, intersected visible gold within an interval grading 1.17 g/t Au over 2.50 metres including 3.11 g/t Au over 0.80 metres.


The drill results, reported from several zones across Perron’s gold-bearing corridor, continue to demonstrate the robust nature of the gold zones identified to date on the Perron property. Continued exploration will focus on the definition and extent of these known zones as well as testing along strike of the contact of the gold-bearing Beaupré Rhyolite which is comprised of the 7 km long southern Perron fault and the 8.4 km long northern Normetal fault, both of which are known to host high-grade gold mineralization.


Jacques Trottier, PhD, Chairman of Amex Exploration, commented, “I am very pleased that all three gold zones continue to deliver meaningful results as we look to build multiple gold resources on Perron. The Grey Cat was recently discovered during this summer’s regional exploration drilling program. We have intersected excellent gold mineralization in this zone since its discovery and I am very excited by the potential there given that it is near surface, the area is underexplored, and the zone is open in all directions.”


Trottier continued, “At Gratien, I see equal promise from our current round of drilling on this target which also began in the summer. The Gratien is a kilometer-long set of mineralized structures previously explored as a bulk tonnage gold target. Our recent reinterpretation and 3D modelling directed our drills to areas of high-grade lenses that show similarities to the EGZ. All our drilling in this area is accretive and is building upon historical work. In addition to the near-surface lower grade lenses of gold mineralization, the high grade zone can now be traced over a sub-horizontal strike of 360 metres at Gratien and is in close proximity to surface. Finally at the EGZ, this round of drilling continues to support our reinterpretation of the Denise Zone where we are seeing the gold mineralization strengthening at depth with a high grade zone developing within a broader panel of disseminated gold. In addition, our aggressive step out program is also extremely encouraging, with gold mineralization being intersected up to 600 m to the east of the EGZ  adding strike length to the gold mineralized corridor which in now roughly 3 km laterally. All said, this has been an extremely successful drill campaign to date and I look forward to testing new target areas along the lateral extensions of this favourable gold corridor as outlined by our exploration team. We will be providing more updates on a regular basis given that we can drill and explore year-round at Perron.”


Table 1: Assay results from Grey Cat, Gratien, and EGZ zones on the Perron project


Read more here: https://www.quotemedia.com/portal/quote?qm_symbol=AMX%3ACA&qmodStoryID=8159495130621767 

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