Apex Announces Repricing of Financing
Apex Announces Repricing of Financing
Vancouver, British Columbia--(Newsfile Corp. - July 25, 2025) - Apex Resources Inc. (TSXV:
APX) ("Apex" or the "Company") announces that further to the Company's news release of June 18,
2025, the Company has re-priced its non-brokered financing (the "Financing") to raise a total of up to
$1,000,000 involving the sale of flow-through shares (the "FT Shares") and non-flow-through units (the
"NFT Units").
The flow-through funding component will now consist of the sale of up to 6,250,000 FT Shares, priced at
$0.08 per FT Share to raise gross proceeds of up to $500,000 and the non-flow-through funding
component will now consist of the sale of up to 10,000,000 NFT Units, priced at $0.05 per NFT Unit to
raise gross proceeds of up to $500,000. Each NFT Unit will consist of one common share of the
Company plus one-half non-transferable share purchase warrant (each whole warrant, a "Warrant").
Each Warrant is exercisable to purchase one additional common share of the Company (a "Warrant
Share") at a price of $0.10 for a period of two years from the date of closing.
The Warrants are subject to an accelerated expiry date, which comes into effect when the trading price
on the TSX Venture Exchange of the Company's common shares closes at or above $0.20 per share for
a period of 10 consecutive trading days commencing four months plus one day after the date of closing.
In such event, the Company may, at its option, accelerate the expiry date of the Warrants by issuing a
press release (the "Notice") to the Warrant holders and in such case, the expiry date of the Warrants will
be 30 days from the date of the Notice.
The FT Shares will qualify as "flow-through shares" (within the meaning of subsection 66(15) of the
Income Tax Act
(Canada) (the "Tax Act").
The gross proceeds raised from the sale of the FT Shares will
be used by the Company to incur "Canadian exploration expenses" (within the meaning of the Tax Act)
on the Company's Jersey-Emerald property in southern British Columbia.
The Company will use funds
raised from the sale of the NFT Units on non-flow-through eligible project expenses as well as for general
working capital purposes. The Company reserves the right to accept additional funds or increase the
Financing, subject to regulatory approval, should the Financing be oversubscribed.
Directors and officers of the Company may acquire securities under the Financing, which participation
would be considered to be a "related party transaction" as defined under Multilateral Instrument 61-101
("MI 61-101"). Such participation is expected to be exempt from the formal valuation and minority
shareholder approval requirements of MI 61-101.
The Financing is subject to TSX Venture Exchange approval and all securities issued pursuant to the
Financing will be subject to a four-month and one day hold period from the closing date.
This news release does not constitute an offer to sell or a solicitation of an offer to sell any of the
securities in the United States. The securities have not been and will not be registered under the
United States Securities Act of 1933, as amended (the "
U.S. Securities Act
"), or any U.S. state
securities laws, and may not be offered or sold within the United States or to, or for the account or
benefit of, U.S. persons (as defined in Regulation S under the U.S. Securities Act) absent registration
under the U.S. Securities Act and applicable state securities laws or an exemption from such
registration requirements is available.
About Apex Resources Inc.
Apex is a Vancouver-based exploration company with a suite of precious and critical minerals projects
and historic mines located in the United States and Canada.
The
Jersey-Emerald Property
is wholly-owned by Apex and encompasses the historic Jersey Lead-Zinc
Mine - British Columbia's second largest historic zinc mine, and the Emerald Tungsten Mine - Canada's
second largest historic tungsten mine, both located in southern British Columbia.
The
Lithium Creek Project
is Apex's flagship project with placer claims covering hundreds of square
miles within the aerially extensive Fernley, Humboldt, and Carson Sinks, and includes widespread
naturally flowing lithium brine groundwater. The Lithium Creek Project is strategically located near the
City of Reno and within 40 minutes of the principle North American battery hub, hosting the Tesla
Gigafactory and other key industry players in the Lithium Ion battery supply chain.
On Behalf of the Board of Directors of
Apex Resources Inc.
Ron Lang,
President & CEO
Ph. +1(250) 212-7119 or
website:
www.apxresources.com
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term in defined in the
policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this
press release.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS: This news release may
contain forward-looking information within the meaning of applicable securities laws ("forward-looking
statements"). Forward-looking statements are statements that are not historical facts and are generally,
but not always, identified by the words "expects," "plans," "anticipates," "believes," "intends,"
"estimates," 'projects," "potential" and similar expressions, or that events or conditions "will," "would,"
"may," "could" or "should" occur, including but not limited to, closing of the Financing. These forward-
looking statements are subject to a variety of risks and uncertainties which could cause actual events or
results to differ materially from those reflected in the forward-looking statements, including, without
limitation: risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing
to fund exploration work in a timely manner and on acceptable terms; changes in planned work resulting
from weather, logistical, technical or other factors; the possibility that results of work will not fulfill
expectations and realize the perceived potential of the Company's properties; risk of accidents,
equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the
possibility of cost overruns or unanticipated expenses in conducting work programs; the risk of
environmental contamination or damage resulting from Apex's operations and other risks and
uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may
be required by applicable securities laws, the Company disclaims any intent or obligation to update any
forward-looking statement, whether as a result of new information, future events or results or otherwise.
To view the source version of this press release, please visit
https://www.newsfilecorp.com/release/260065