Yearly Archives: 2014

/2014

AMEX CLOSES $62,400 PRIVATE PLACEMENT

Montreal, November 27, 2014 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that it has closed a non-brokered private placement of an aggregate amount of $62,400.00, through the sale of 780,000 regular units (the « Units »), priced at $0.08 each.  This financing completes the previously announced first tranche closing of $419,600 on November 21, 2014. The Units consist in one common share and one common share purchase warrant which can be exercised at the price of $0.13 for a period of 24 months following the closing date. In connection with the Private Placement, Amex paid a Finder’s fee in the amount of $4,200.00 and issued 52,500 finder’s warrants.  Each finder’s warrant entitles [...]

By | 2017-08-03T10:33:37+00:00 November 27th, 2014|

AMEX CLOSES $419,600 PRIVATE PLACEMENT

Montreal, November 21, 2014 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that it has closed a non-brokered private placement of an aggregate amount of $419,600.00, through the sale of 3,900,000 flow-through units (the « FT Units »)  and 370,000 regular units (the « Units ») , respectively priced at 0.10$ and 0.08$ each. The FT Units are composed of one flow-through common share and one half of one common share purchasewarrant (the « Warrant ») and the Units consist in one common share and one full Warrant.  The Warrants can be exercised at the price of $0.13 for a period of 24 months following the closing date. In connection with the Private Placement, Amex paid [...]

By | 2017-08-03T10:34:39+00:00 November 21st, 2014|

AMEX REVIEWS STRATEGIC ALTERNATIVES FOR ITS MEXICAIN OPERATIONS

MONTREAL, Canada, October 28, 2014 – Amex Exploration Inc. (AMX: TSX-V) announces that in light of the changes in the Mexican mining tax laws and change in the required exploration expenditures it is considering strategic alternatives for its Mexican properties. The recent changes have created huge financial burdens for any operation, including existing option agreements that are presently under contract. The Properties, which are well located in the productive Sierra Madre gold belt of Mexico in the State of Sonora, cover an area of over 30,000 hectares. Further to this news, Amex will conduct a detailed review of its Mexican Assets; Chivas (Natora), El Paramo and 100% owned Nueva Escondida property located in [...]

By | 2017-08-03T10:35:46+00:00 October 28th, 2014|

AMEX STARTS FOLLOW-UP DRILLING ON THE HIGH GRADE GOLD DISCOVERY AT CAMERON, ABITIBI.

MONTREAL, Canada, August 13, 2014 – Amex Exploration Inc. (AMX: TSX-V) is very pleased to announce the beginning of a 3,000 meter diamond drilling campaign on its 100% owned Cameron gold property at the location of the new mineralized high grade gold structure that was identified in holes CA2013s03 to CA2013s05, including an intercept of 1.4 meters at 7.37 g/t Au in hole CA2013s04 (see PR of April 9, 2014). This new 7-hole drill program targets 250 meters of potential lateral extensions of the gold mineralisation identified by previous drilling at depths respectively of 200 and 250 meters. The drill grid pattern is in staggered row 100m laterally by 50m perpendiculars and [...]

By | 2017-08-03T10:37:00+00:00 August 13th, 2014|

AMEX FOLLOW UP WITH 3D GEOPHYSICS ON THE HIGH GRADE GOLD ZONE RETURNING 7,37 G/T AU OVER 1.4 METERS AT CAMERON, ABITIBI.

MONTREAL, Canada- July 8, 2014- Amex Exploration Inc. (AMX: TSX-V) is very pleased to announce that it is presently executing a geophysics survey on its 100% owned Cameron gold property at the location of the new mineralized high grade gold structure that was identified on hole CA2013s03 to CA2013s05. (see PR of April 9,2014) This geophysic survey will consist of 12 Km of line of IPower 3D configuration done by Abitibi Geophysics of Val-d’Or. This type of geophysics survey is using a specific configuration that combines high sensitivity and resolution resulting in a deeper penetration than conventional DIPOLE-DIPOLE IP survey. This new survey will provide Amex a 3D mapping of the [...]

By | 2017-08-03T10:38:22+00:00 July 8th, 2014|

AGNICO EAGLE MINES MADE THE SECOND CASH PAYMENT REGARDING THE PERRON OPTION AGREEMENT DATED JUNE 2013.

Montreal, June 25, 2014 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to report that Agnico Eagle Mines Limited (NYSE:AEM, TSX:AEM),  has made the second cash payment of $100,000 on due time, as outline in the Option Agreement for the Perron property.( see PR2013-06-21) This cash payment was made on June 20 in order to keep the option Agreement in good standing and is to be followed by subsequent cash payment of $135,000, and $170,000 that are to be respectively made prior to June 21, 2015, and 2016 in order to respect the Perron Option. The second year of the Option Agreement is underway with a plan to execute a 7,000 meter [...]

By | 2017-08-03T10:40:29+00:00 June 25th, 2014|

AMEX INCREASES ITS LAND POSITION AT CAMERON, ABITIBI.

MONTREAL, Canada- April 29, 2014- Amex Exploration Inc. (AMX: TSX-V) is pleased to announce that it has received confirmation from the Quebec Ministry of Natural Resources (Mines) that it has staked successfully 80 additional claims, totalling 4,499.4 hectares, contiguous to its 100% owned Cameron gold property. With this addition, the Cameron gold property now consists of a total of 93 claims covering a total area of 5,230.2 hectares These new titles were claimed on the basis of the recently announced drill results that confirmed the presence of a new mineralized high grade gold structure, with values of up to 7,37 g/t Au over 1.4 meters located within a broader lower grade [...]

By | 2017-08-03T10:45:36+00:00 April 29th, 2014|

DRILLING HAS RESUMED ON THE PERRON GOLD PROPERTY

Montreal, March 3rd, 2014 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to report that Agnico Eagle Mines Limited (NYSE and TSX: AEM) (“Agnico Eagle”) has commenced a new drilling program on AMEX 100% owned Perron Gold property located at about 5km NW from Normetal mine-town in the Abitibi region of Quebec.   This drilling program is part of the Option Agreement (“OA”) signed by Amex with Agnico Eagle last year (see PR dated June 21st, 2013) and is following up on the results obtained in their first phase of drilling announced earlier this year (see PR dated February 4th, 2014). According to the OA, Agnico Eagle must complete $4,500,000 [...]

By | 2017-08-03T10:46:34+00:00 March 3rd, 2014|

NEW GOLD-BEARING HORIZON IDENTIFIED AT AMEX’S PERRON PROPERTY, ABITIBI

Montreal, February 4, 2014 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is very pleased to announce that a new gold-bearing horizon has been identified following a first phase of drilling on Amex’s Perron property executed under the option agreement with Agnico Eagle Mines Ltd (“AEM”; see press release of June 21st, 2013 for details on the option agreement terms and conditions). This horizon, that has been intersected and recognized in 9 drill holes up to now, has an average width of about 15 to 20 meters (up to 80 meters) with gold values that range from 0.20 to 0.90 g/t (see table 1). The best result is from [...]

By | 2017-08-03T10:48:10+00:00 February 4th, 2014|

AMEX CLOSES $540,000 PRIVATE PLACEMENT

Montreal, January 30, 2014 – Amex Exploration Inc. (TSXV: AMX) (“Amex” or the “Corporation”) is pleased to announce that it has closed a non-brokered private placement of an aggregate amount of $540,000.00, through the sale of “A” & “B” units respectively prices at 1,440.00$ and  360.00$ each. The securities issued pursuant to the sale of the “A” units are: 2,400,000 flow-through common shares, priced at $0.18 each, and 1,200,000 common share purchase warrants (“Warrant A”). Each Warrant A entitles the holder to purchase one additional common share, at a price of $0.25 each, for a period of 18 months following the closing date. The securities issued pursuant to the sale of the “B” units are: [...]

By | 2017-08-03T10:49:25+00:00 January 30th, 2014|