Eldorado Gold Strengthens Investment in Amex Exploration
VANCOUVER, British Columbia — Eldorado Gold Corporation (TSX: ELD, NYSE: EGO) has made a significant move by acquiring a large quantity of shares in Amex Exploration Inc. This decision highlights the company’s commitment to expanding its portfolio and investing strategically in promising opportunities.
Details of the Share Acquisition
On December 17, 2025, Eldorado successfully completed the acquisition of 14,868,200 common shares of Amex Exploration at a price of C$4.00 per share. The total investment amounts to approximately C$59,472,800. Prior to this purchase, Eldorado owned 23,758,130 shares and 207,000 share purchase warrants of Amex, which represented about 16.77% of the total outstanding shares on a non-diluted basis. Following the acquisition, this ownership grew significantly to 38,626,330 shares, constituting approximately 27.27% of the total shares.
Strategic Rationale Behind the Investment
Eldorado’s acquisition of additional shares reflects its strategy to enhance its investment in Amex. This move came as a response to an unsolicited opportunity that arose in the market. While Eldorado's primary aim is to invest strategically, the company does not currently have plans that are likely to directly impact the operations of Amex Exploration. However, there is a potential for Eldorado to adjust its ownership further, based on market conditions and investment opportunities that may arise in the future.
Regulatory Compliance and Transparency
In line with legal requirements, Eldorado adhered to the regulations set forth in the National Instrument 62-104, which governs take-over bids and issuer bids. The acquisition was facilitated through a private agreement, emphasizing that the shares were purchased from a limited number of sellers, and the transaction price was fair relative to the market value at the time.
Open Communication and Reporting
As part of compliance with these regulations, Eldorado is committed to transparency. An early warning report will be filed, providing further details regarding this share acquisition. Shareholders and interested parties can track this information on SEDAR+ under Amex's profile.
About Eldorado Gold Corporation
Eldorado Gold is recognized as a reputable producer of gold and base metals, with ongoing operations and exploration in multiple countries, notably Türkiye, Canada, and Greece. The company prides itself on having a dedicated workforce and maintaining high standards of safety and responsible operations. Eldorado’s shares are actively traded on the Toronto Stock Exchange (TSX: ELD) and the New York Stock Exchange (NYSE: EGO), allowing investors to engage with a well-established company.
Contact Details for Investor Relations
For further inquiries regarding this share acquisition or other investor-related questions, Lynette Gould, the Vice President of Investor Relations, can be reached at 647 271 2827 or toll-free at 1 888 353 8166. Additionally, investor communications can be directed via email.
Frequently Asked Questions
What shares did Eldorado Gold acquire?
Eldorado Gold acquired 14,868,200 common shares of Amex Exploration at a price of C$4.00 per share.
What percentage of shares does Eldorado Gold now own in Amex?
After the acquisition, Eldorado Gold owns approximately 27.27% of Amex's outstanding common shares on a non-diluted basis.
Why did Eldorado Gold purchase additional shares?
The acquisition was an unsolicited opportunity to strategically increase its investment in Amex Exploration.
How does this acquisition comply with legal regulations?
Eldorado adhered to National Instrument 62-104 regulations, ensuring the shares were purchased from fewer than five individuals and maintaining a fair price relative to market value.
Who can be contacted for more information about the acquisition?
Lynette Gould from Investor Relations can be contacted at 647 271 2827 or via email for additional inquiries regarding the acquisition.
