Eldorado Gold Corporation (TSX: ELD) (NYSE: EGO) ("Eldorado") made a strategic investment in Amex Exploration Inc. (TSXV: AMX) (FSE: MX0) (OTCQX: AMXEF) (“Amex”) through the purchase of 11,344,130 common shares of Amex (the "Strategic Investment"). The Strategic Investment represents approximately a 9.9% ownership interest in Amex’s issued and outstanding common shares on a non-diluted basis. In connection with the Strategic Investment, Amex has granted Eldorado a customary anti-dilution right to maintain its equity ownership interest.
Following Amex’s non-brokered charity flow-through private placement of 11,344,130 charity flow-through shares (the “Shares”) for aggregate gross proceeds of C$26.65 million, Eldorado completed the Strategic Investment and acquired the Shares for a purchase price of C$15 million.
Fasken advised Eldorado with a team led by Georald Ingborg (M&A), and included Samuel Li (M&A), Frank Mariage (M&A), Michael Coburn (Tax), Sabrina Chang (M&A) and Vincent Maltais (M&A).
Jurisdiction
- British Columbia
