Blue Note Mining Spins Out Mexico Assets to Amex Exploration
The consideration for the Transaction will be staggered cash payments totaling
Amex President and CEO, Dr
While Blue Note's priority is pursuing the Croinor gold project development, this transaction will create value with the advancement of the very prospective
Completion of the Transaction is subject to Amex being satisfied with its due diligence and other customary conditions for a transaction of this nature including the TSX Venture Exchange approval. The parties expect to finalize the definitive agreement and to complete the Transaction by
About Blue Note Mining Inc.
Blue Note Mining is a mineral exploration and mining company headquartered in
About Amex Exploration Inc.
Amex Exploration Inc. is a junior mining exploration company listed of the TSX Venture Exchange whose primary objective is to develop and bring into production viable gold and base metal deposits.
Forward-Looking Statements
This news release contains discussion of items that may constitute forward-looking statements within the meaning of securities laws that involve risks and uncertainties. Although the company believes the expectations reflected in such forward-looking statements are based on reasonable assumptions, it can give no assurances that its expectations will be achieved. Factors that could cause actual results to differ materially from expectations include the effects of general economic conditions, actions by government authorities, uncertainties associated with contract negotiations, additional financing requirements, market acceptance of the Company's products and competitive pressures. These factors and others are more fully discussed in Company filings with Canadian securities regulatory authorities.
"Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release."
For further information: For further information: Blue Note Mining Inc.: Glenn Massad, Vice President, Investor Relations, (800) 937-3095 x230, [email protected]; www.bluenotemining.ca; Amex Exploration Inc.: Jacques Trottier, Chief Executive Officer, (514) 866-8209
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