Eagle Graphite Inc V.EGA.H

PP completed - news release

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Amerix Precious Metals Completes Private Placement 08:30 EDT Thursday, August 09, 2007 TORONTO, ONTARIO--(CCNMatthews - Aug. 9, 2007) - Amerix Precious Metals Corporation ("Amerix") (TSX VENTURE:APM)(FRANKFURT:NJG) announces that it has completed the previously announced brokered private placement (the "Private Placement") with Coniston Investment Corp. ("Coniston") of 15,090,000 units (the "Units") of Amerix at a price of $0.25 per Unit for aggregate gross proceeds of $3,772,500. Each Unit consists of one common share of Amerix and one-half of one common share purchase warrant (each whole warrant a "Warrant"). Each Warrant entitles the holder thereof to purchase one additional common share of Amerix at a price of $0.35 at any time until August 8, 2008, provided that if the closing price of the common shares of Amerix on the TSX Venture Exchange is equal to or greater than $0.45 per common share for a period of ten consecutive trading days at any time after four months and one day after the closing date of the Private Placement, Amerix may accelerate the expiry date of the Warrants by giving notice to the holders thereof and in such case the Warrants will expire on the 20th day after the date on which such notice is given by Amerix. As consideration for its services in connection with Private Placement, Coniston received a cash commission of $296,600. In addition, Coniston received a broker warrant (the "Broker Warrant") exercisable for 14,830,000 units (individually a "Broker Unit") of Amerix. Each Broker Unit consists of one common share of Amerix and one-half of one common share purchase warrant (each whole warrant an "Underlying Warrant"). Each Underlying Warrant will entitle Coniston to purchase one additional common share of Amerix at a price of $0.35 at any time until August 8, 2008. The Underlying Warrants are subject to the same acceleration provisions as the Warrants. The Broker Warrant is exercisable at a price of $0.25 per Broker Unit until August 8, 2008. The securities issued in connection with the Private Placement are subject to a "hold period" which expires December 9, 2007. Amerix intends to use the proceeds of the Private Placement for exploration work on its Brazilian properties and for general working capital purposes. About Amerix Precious Metals Corporation Amerix Precious Metals Corporation is an Ontario company exploring for precious metals in Brazil. Vila Porto Rico is the Corporation's main project, covering over 50,000 hectares. Vila Porto Rico has multi-million ounce gold potential, as it contains historic and active gold mines that anecdotal evidence suggests have produced over 2 million ounces from placer and bedrock mining operations. Amerix's objective is to create value for shareholders through expansion of bedrock gold resources, and development of placer and tailings gold resources. Brazil has enormous gold potential and is a proven mining-friendly country. Amerix staff has more than 50 years of combined experience in Brazil, and the Corporation has been active for more than 10 years. The Corporation's shares trade on the TSX Venture Exchange under the symbol "APM" and on the Frankfurt Stock Exchange under the symbol "NJG". If you would like to receive press releases via email, please contact [e-mail] and specify "Amerix press releases" in the subject line. We seek safe harbour. FOR FURTHER INFORMATION PLEASE CONTACT: Amerix Precious Metals Corporation Lawrence W. Snee President [phone]