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BMEX closes final tranche of financing

Jan 26, 2024

BMEX Gold Inc. has closed the final tranche of its private placement which was previously announced on December 14, 2023 for aggregate final tranche gross proceeds of $36,250. The final tranche closing consisted of 1,812,500 non-flow-through units at $0.02 per unit for proceeds of $36,250. Each non-flow-through unit consisted of one common share and one warrant exercisable at $0.05 for two years.

All securities issued pursuant to the Offering are subject to a statutory hold period expiring four months from the date of issuance. The Company paid a cash finders fee of $700 to Haywood Securities Inc., in respect of the closing.

Proceeds from the sale of non-flow-through units will be used for general working capital and may include payment of salaries for the Company's CFO and CEO. No funds will be used to pay persons conducting investor relations activities.

About BMEX Gold Inc.

BMEX Gold Inc. is a junior Canadian mining exploration company with the primary objective to acquire, explore, and develop viable gold and base metal projects in the mining-friendly jurisdiction of Quebec, Canada. BMEX is currently fully focused on its 100% interest in the two projects, both located in the prolific Abitibi greenstone belt:

  • King Tut Project consists of 120 contiguous claims on 5,206 hectares

  • Dunlop Bay Project consists of 76 mineral claims that cover 4,226 hectares

BMEX common shares trade under the symbol "BMEX" on the TSX-V and under the symbol 8M0 on the Frankfurt Exchange.

Tags: Quebec / Deals & Financial / Gold / All Articles