Eldorado Gold Increases Its Stake in Amex Exploration to Approximately 27%

Published: Jan 7, 2026 01:01

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On December 17th, 2025, Eldorado Gold Corporation announced that it acquired 14,868,200 common shares of Amex Exploration Inc. at a price of C$4.00 per share, for total consideration of approximately C$59.5 million, through a privately negotiated transaction with a third party. Following the transaction, Eldorado now beneficially owns 38,626,330 common shares and 207,000 warrants, representing approximately 27.27% of Amex’s outstanding shares on a non-diluted basis and approximately 27.37% on a partially diluted basis, assuming full exercise of the warrants.

Eldorado stated that the additional share purchase was made for investment purposes in response to an unsolicited opportunity. The Company currently has no plans or intentions to pursue a takeover or other control transaction, although it may adjust its ownership position in the future subject to market conditions and applicable regulations. The transaction was completed pursuant to the private agreement exemption under NI 62-104, with the required early warning disclosure to be filed on SEDAR+.

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