Amex Exploration Receives TSXV Conditional Acceptance for LIFE Offering and Private Placement

Amex Exploration Inc. announced on May 15, 2026 that it has received conditional acceptance from the TSX Venture Exchange for its "best efforts" LIFE Offering and concurrent private placement that were previously disclosed on May 5 and May 11, 2026.

The company expects to close the LIFE Offering and a first tranche of the concurrent private placement on May 21, 2026. The transactions are projected to raise aggregate gross proceeds of C$52,547,548.50 through the issuance of common shares at C$4.50 each.

The LIFE Offering consists of 9,661,000 common shares for gross proceeds of C$43,474,500. The non-brokered portion of the concurrent private placement includes 1,622,222 common shares for C$7,299,999 while the first tranche of the brokered portion includes 394,011 common shares for C$1,773,049.50.

National Bank Financial Inc. and MDCP Securities Limited, acting as joint bookrunners and co-lead agents for a syndicate, received an option exercisable up to 48 hours before closing to sell an additional 1,449,150 common shares under the LIFE Offering for up to C$6,521,175 in additional proceeds.

Strategic investor Eldorado Gold Corporation has indicated an interest to purchase up to US$15,000,000 of common shares under the brokered portion of the concurrent private placement. This would equate to up to 4,864,923 common shares at the offering price in accordance with an investor rights agreement dated January 16, 2024.

Completion of the Eldorado investment remains subject to receipt of all required approvals. Eldorado must be approved as a "Control Person" of the company by disinterested shareholders at Amex Exploration's annual general and special meeting scheduled for June 16, 2026.

The company stated that, subject to receipt of disinterested shareholder approval at that meeting, the Eldorado investment is anticipated to close thereafter.