On February 2, 2024, Amex Exploration Inc. closed the transaction. The company issued 11,344,130 charity flow-through shares at an issue price of CAD 2.35 per CFT Share to raise aggregate gross proceeds of CAD 26,658,705.5. The Strategic Investment represents approximately a 9.9% ownership interest in the Company's issued and outstanding common shares on a non-diluted basis. In connection with the Strategic Investment, the Company has granted Eldorado a customary anti-dilution right to maintain its equity ownership interest. In connection with the offering, PI Financial Corp. acted as financial advisor to the company and received an advisory fee of CAD 790,000. Prior to the completion of the offering, the company had 103,243,001 issued and outstanding common shares. Upon completion of the offering, the company currently has 114,587,131 issued and outstanding common shares.

The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement. The transaction included participation from one placee and company paid CAD 790,000 as Financial adviser fee.