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BMEX Gold Inc. is a junior Canadian mining exploration company focused on acquiring, exploring, and developing gold and base metal projects in Quebec, Canada. The company recently closed a private placement and achieved positive results from a reconnaissance geochemical soil program at Dunlop Bay. BMEX is dedicated to further exploring and evaluating its projects in the Abitibi greenstone belt.
Route 109 Resources announced the results of its 2024 Annual General Meeting held on October 31, 2024. Shareholders approved all management resolutions outlined in the Company's Notice of Meeting and Management Information Circular from September 26, 2024. Robert Pryde, Wanda Cutler, and Verlee Webb were re-elected as directors. Marc Bustin and Jeremi Fournier did not seek re-election as directors.
BMEX Gold Inc. (TSXV: BMEX) (FSE: 8M00) has announced a name change to Route 109 Resources Inc., effective October 4, 2024. The company's trading symbol will change from 'BMEX' to 'RTE' on the Effective Date, with new CUSIP and ISIN numbers. This change does not affect shareholders' rights, and no action is required from shareholders. Issued securities will remain valid without the need for exchange.
The company also disclosed that an insider acquired 170,000 units in a recent private placement, constituting a related party transaction. BMEX relied on exemptions from valuation and shareholder approval requirements as per Multilateral Instrument 61-101.
BMEX Gold Inc. is initiating a non-brokered private placement financing, aiming to raise up to $1,250,000 through the sale of flow-through and non-flow-through units. Each unit will include a common share and a warrant. The proceeds will be used for exploring the Dunlop Bay project in Quebec and general working capital. The Offering is subject to regulatory approvals and does not involve US securities.
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