BMEX Gold Inc. announced a non-brokered private placement of 14,545,454 flow-through shares at a price of CAD 0.055 per share for the gross proceeds of CAD 800,000 and 5,000,000 hard dollar units at a price of CAD 0.04 per unit for the gross proceeds of CAD 200,000 for the total gross proceeds of CAD 1,000,000 on August 29, 2023. Each hard dollar unit consists of one common share of the company and one common share purchase warrant, with each warrant entitling the holder thereof to acquire one additional common share at a price of CAD 0,055 for a period of 24 months from the closing date of the offering. All securities issued pursuant to the offering will be subject to a statutory hold period of four months from the date of issuance.

The offering is subject to certain closing conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including the approval of the TSX Venture Exchange.