12:08 PM EST - Amex Exploration Inc. : Announced the closing of a non-brokered private placement in the amount of $4,040,000 on December 20, under which a total of 466,667 flow-through units priced at $1.80 and 3,200,000 units priced at $1.00 were issued. Each FT Unit consists of one common share to qualify as a “flow-through share” within the meaning of subsection 66(15) of the Income Tax Act (Canada) and one-half of one common share purchase warrant. Each Unit consists of one common share and half of one Warrant. Each Warrant entitles the holder to purchase one common share of the Company at a price of $1.50 for a period of 18 months. Amex Exploration Inc.
shares V.AMX are trading down $0.01 at $1.26.