11:41 AM EST - Blue Note Mining Inc. : announced that it and Amex Exploration Inc. have entered into an agreement by which Amex has agreed to acquire from Blue Note all of the outstanding shares of X-Ore International Inc., the subsidiary that holds mining assets and conducts exploration activities in Mexico through its subsidiary Minerales X-Ore SA de CV. The consideration for the Transaction will be staggered cash payments totaling $200,000 and the issuance of seven million Amex common shares and one million common share purchase warrants of Amex to be exercisable over a period of 24 months following their issuance. In addition, Amex has agreed to assume all of X-Ore International and Minerales X-Ore SA de CV obligations and liabilities. Blue Note Mining Inc.
shares V.BNT are trading up $0.005 at $0.16.
