Apex Resources Announces Non-Brokered Private Placement
APEX RESOURCES INC.
Suite 2000 – 1066 West Hastings Street
Vancouver, B.C. V6E 3X2
www.apxresources.com
NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES
June 8, 2020 TSX Venture Exchange Symbol: APX
Apex Resources Announces Non-Brokered Private Placement
June 8, 2020, Vancouver, BC – Apex Resources Inc. (TSX-V: APX) (“ Apex” or the “ Company”) is
pleased to announce that , subject to the approval of the TSX Venture Exchange (the “ Exchange”), it
intends to complete a non-brokered private placement (the “ Private Placement”) and raise total gross
proceeds of up to $750,000 through the issuance of approximately 5.75M units (the “ Units”) at $0.065
per Unit for gross proceeds of up to $375,000 and the issuance of approximately 3.4M flow-through units
(the “Flow-Through Units”) at $0.11 per Flow-Through Unit for gross proceeds of up to $375,000.
Each Unit is comprised of one (1) common share (the “Shares”) in the capital of Apex and one (1) non -
transferable share purchase warrant (the “ Warrants”). Each Flow Through Unit is comprised of one (1)
Flow Through common share in the capital of Apex and one (1) Warrant.
The Warrants attached to the Units and Flow -through Units will be exercisable into one Share of the
Company for a period of 12 months from the date of issue at an exercise price of $0.1 4 per Share. The
Warrants are subject to an acceleration clause whereby if the volume weighted average closing price of
the Shares on the Exchange is $0.20 or more for 21 consecutive trading days at any time subsequent to the
expiry of six months from the date of issuance of the Warrants, then the Company will earn 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.
All securities issued in connection with the Private Placement will be subject to a hold period and may
not be traded for four months plu s one day from the date of closing of the Private Placement . Net
proceeds from the Private Placement will be used for an expanded drill program on the Ore Hill Property
and for general working capital.
The Company welcomes all qualified investors to participate in the Private Placement.
About Apex Resources Inc.
Apex is a Canadian gold exploration and development company focused on British Columbia and the
Yukon Territories. Apex has a portfolio of quality properties including:
1. The Mount Anderson gold-silver property in the Yukon.
2. The Kena-Daylight gold property in southern BC under option to Prize Mining Corp.
3. The Jersey-Emerald tungsten-zinc property in southern BC.
4. The Ore Hill gold property in southern BC.
Apex management has a track record of mine discovery that includes 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 Monument Mining Ltd.
2020 Exploration Program
In 2020, the company plans for continued exploration at Ore Hill. The scale of the exploration program is
dependent upon completion of financing. All permits are in place for an expanded drill program which
will commence upon completion of a structural geological mapping program to assist with fine tuning the
drill target areas. Drilling will step out from the initial 2 holes to test the strike and down-dip extension of
the gold mineralization encountered during the 2019 program. (Please see news release of December 17,
2019.)
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 Venture Exchange nor its Regulation Services Provider (as the ter m is defined in
the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy o f this release. This news release 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 drillin g, exploitation activities and events or developments that Apex expects are forward -
looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions,
such statements are not guaran tees of future performance and actual 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 include 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 guarantees of future performance and those actual resu lts or developments may differ
materially from those projected in the forward-looking statements. 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 Securitie s Act of 1933,
as amended, and may not be offered or sold within th e United States or to, or for the account or benefit of, U.S. persons absent U.S.
registration or an applicable exemption from the U.S. registration requirements.
This news release does not constitute an offer for sale of securities for sale, nor a solicit ation for offers to buy any securities. Any public
offering of securities in the United States must be made by means of a prospectus containing detailed information about the c ompany
and management, as well as financial statements.