On June 17, 2020, Amex Exploration Inc. (“Amex”) announced the completion of a $15.75 Million offering led by PI Financial Corp. (“PI Financial”). Pursuant to the offering, a total of 6,250,000 flow-through units were issued at a price of $2.52 per unit. Each unit consisted of one common share issued on a flow-through basis and one half of one common share purchase warrant issued on a non-flow-through basis. The gross proceeds from the sale of the flow-through units will be used for general exploration expenditures on Amex’s properties located in Quebec.
Fasken advised PI Financial, on behalf of a syndicate of underwriters, with a team including Brad Freelan, Russell Lindzon, Ryan Kleinman, Mitchell Thaw and Claude Jodoin.