Amex Exploration Inc.
TSX VENTURE : AMX

Amex Exploration Inc.

January 23, 2006 13:44 ET

Amex Exploration Inc. : Proposed Private Placement

MONTREAL, QUEBEC--(CCNMatthews - Jan. 23, 2006) - Amex Exploration Inc.(TSX VENTURE:AMX) reports its intent to undertake a non-brokered private placement, with accredited investors, directors and with a maximum of fifteen investors.

This placement consists of a maximum of 200 A units for gross proceeds to the Company of a maximum of $200,000. The A unit price is $1,000 and each unit will consist of 3,000 Common Flow-Through Shares at $0.25 per share, 1,000 Common Shares at $0.25 per share and 2,000 warrants. One warrant will entitle its holder thereof to subscribe for one Common Share at $0.50 per share for a period of 18 months after the closing date. The proceeds of this placement shall be used for exploration activities on Perron and Normetal properties and for general purposes.

This private placement is subject to regulatory approval and filings.

The TSX Venture Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Contact Information

  • Amex Exploration Inc.
    Jacques Trottier
    President
    (514) 866-0340
    (514) 866-6276 (FAX)
    or
    Amex Exploration Inc.
    Michel Rathe
    Vice-president, finance
    (514) 866-0340
    (514) 866-6276 (FAX)