Apex Resources Announces Private Placement with a Lead Order from Palisades Goldcorp
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
September 1, 2020 TSX Venture Exchange Symbol: APX
Apex Resources Announces Private Placement with a Lead Order from Palisades Goldcorp
September 1 , 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 has arranged a private placement (the “ Private Placement”) with a lead order from
Palisades Goldcorp Ltd., issuing a total of 2,000,000 units (the “Units”) at $0.10 per Unit for total gross
proceeds of $200,000.
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 Shares of the Company for a period of 36 months
from the date of issuance at an exercise price of $0.15 per Share. The Company may pay finders’ fees of
cash and finder’s warrants (the “Finder’s Warrants”) to a qualified party. The Finder’s Warrants will be
exercisable under the same terms as the Private Placement Warrants.
All securities issued will be subject to a four month hold period pursuant to securities laws in Canada.
Net proceeds from the Private Placement will be used for property exploration and for general working
capital.
About Apex Resources Inc.
Apex is a Canadian gold exploration and development company focused on British Columbia and the
Yukon Territory. 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 Boundary Gold and Copper
Mining Ltd.
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.
About Palisades Goldcorp.
Palisades Goldcorp is Canada’s new resource focused merchant bank. Palisades’ management team has
demonstrated track record of makin g money and is backed by many of the industry’s most notable
financiers. With junior resource equities valued at generational lows, management believes the sector is
on the cusp of a major bull market move. Palisades is positioning itself with significan t stakes in
undervalued companies and assets with the goal of generating superior returns.
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 of 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 p otential, exploration drilling, 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 guarantees of future performance and actual results or developments may differ materially from those i n 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 perf ormance and those actual results 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.