Newsfile Corp
18 Jun 2026, 12:53 UTC · 1h ago
Amex Exploration Completes Final Tranche of C$80 Million Private Placement
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
Newsfile Corp
18 Jun 2026, 12:53 UTC · 1h ago
NewsImpactScreener rates every claim in this story for market impact and maps it to the tickers most exposed.
What the story claims
4 claims · each scored for market impact
Amex Exploration has successfully raised aggregate gross proceeds of C$79,685,775 through a series of private placements. — Significant capital infusion reduces liquidity risk and provides the necessary funding for major project development and exploration.
+0.60Strategic investor Eldorado Gold Corporation purchased the final tranche of 4,581,567 shares and has been approved as a 'Control Person' of the company. — Increased commitment from a major industry player provides strong third-party validation of the company's assets and potential for future partnership.
+0.50Proceeds will fund bulk sampling, Phase 1 development of the Perron Gold Project, and a feasibility study for Phase 2 development. — Directly links the raised capital to value-creating operational milestones and project derisking.
+0.40Continue reading
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The common shares issued under the final tranche are subject to a four-month hold period under Canadian securities laws. — Limits immediate selling pressure on the stock, though this is a standard regulatory requirement.
-0.10Which stocks this story touches
The company successfully completed an oversubscribed private placement, raising nearly C$80 million for project development and exploration.
The company increased its strategic investment and position in Amex Exploration as a 'Control Person'.
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