Apex Resources Announces Closing of Non-Brokered Private Placement
APEX RESOURCES INC.
Suite 500 – 666 Burrard Street
Vancouver, B.C. V6C 2X8
www.apxresources.com
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
March 8, 2022 TSX Venture Exchange Symbol: APX
Apex Resources Announces Closing of Non-Brokered Private Placement
March 8, 2022, Vancouver, BC – Apex Resources Inc. (TSX-V: APX) (“Apex” or the “Company”) is
pleased to announce that, subject to the approval of the TSX Ve nture Exchange (the “ Exchange”), it has
closed its non-brokered private placement (the “ Private Placement”) issuing a total of 11,100,000 units
(the “Units”) at $0.05 per Unit for total gross proceeds of $555,000.
Each Unit is comprised of one (1) common share (the “ Shares”) in the capital of the Company and one
(1) non-transferable share purchase warrant (the “Warrants”).
The Warrants attached to the Units are exercisable into one Sha re of the Company for a period of 24
months from the date of issue at an exercise price of $0.10 per Share. The Warrants are subject to an
acceleration clause whereby if the volume weighted average clos ing price of the Shares on the Exchange
is $0.15 or more for 21 consecutive trading days at any time su bsequent to the expiry of six months from
the date of issuance of the Warrants, then the Company will ear n the right by providing notice (the
“Acceleration Notice”) to the warrant holders, to accelerate the expiry date of the Warrants to that date
which is 30 days from the date of the Acceleration Notice.
The Company paid finders fees of $2,100 and 42,000 finder’s war rants (the “ Finder’s Warrants ”) to
Leede Jones Gable Inc. and Haywood Securities. The Finder’s Wa rrants are exercisable under the same
terms as the Private Placement warrants.
All securities issued will be subject to a four month hold peri od pursuant to securities laws in Canada and
will be restricted from trading until July 11, 2022. Net proce eds from the Private Placement will be used
for property exploration, acquisitions and for general working capital.
Arthur G. Troup, President, CEO and a director of the Company, subscribed for 100,000 Units. As a
result, the Private Placement i s a related party transaction (a s defined under Multilateral Instrument 61-
101 Protection of Minority Security Holders in Special Transact ions (“ MI 61-101”)). The Company
relied upon section 5.5(b) Issuer Not Listed on Specified Marke ts and 5.7(a) fair market value not more
than $2,500,000 (calculated in accordance with MI 61-101).
About Apex Resources Inc.
Apex is a Canadian gold exploration and development company focused on British Columbia and the
Americas. Apex has a portfolio of quality properties including:
1. The Jersey-Emerald tungsten-zinc property in southern BC.
2. The Ore Hill gold property in southern BC.
Apex management has a track record of mine discovery that inclu des the discovery and development of
the renowned Hemlo Gold Mine in Ontario and the Mengapur copper -gold-molybdenum porphyry
deposit (225Mt @ 0.59% Cu equivalent) in Malaysia now under development by Fortress Minerals Ltd.
For further information on the Company's projects, visit www.apxresources.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: [email protected] or [email protected]
This release was prepared by Apex's management. Neither TSX Vent ure Exchange nor its Regulation Services Provider (as the term is defined in
the policies of the TSX Venture Exchange) a ccepts responsibility for the adequacy or accu racy of this release. This news releas e includes certain
statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address
future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expect s are forward-
looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonabl e assumptions,
such statements are not guarantees of future performance and act ual results or developments may differ materially from those in the forward-
looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements inclu de market prices,
exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions.
Investors are cautioned that any such statements are not guarant ees of future performance and t hose actual results or developme nts may differ
materially from those projected in the forward-looking statemen ts. For more information on Apex, investors should review Apex's filings that are
available at www.sedar.com or Apex's website at www.apxresources.com.
The securities referred to in this news release have not been, nor will they be, registered under the United States Securities Act of 1933,
as amended, and may not be offered or sold within the United St ates or to, or for the account or benefit of, U.S. persons abse nt U.S.
registration or an applicable exemption from the U.S. registration requirements.
This news release does not consti tute an offer for sale of secu rities for sale, nor a solicitation for offers to buy any secur ities. Any public
offering of securities in the United States must be made by mea ns of a prospectus containing detailed information about the co mpany
and management, as well as financial statements.