(TheNewswire)
July 9 , 2021 – TheNewswire - Vancouver, B ritish Columbia – Apex Resources Inc. ( TSXV:APX ) (“ Apex ” or the “ Company ”) announces that, subject to the approval of theTSX Venture Exchange, it intends to extend the expiration date of 5,769,231 warrants (the “ Warrants ”)originally issued by the Company on July 24, 2020 pursuant to anon-brokered private placement by one year.
The Warrants are exercisable into common shares of theCompany at a price of $0.14 per common share and currently have anexpiry date of July 24, 2021.
The Warrants are subject to an acceleration clausewhereby if the volume weighted average closing price of the Shares onthe Exchange is $0.30 or more for 20 consecutive trading days at anytime subsequent to the expiry of six months from the date of issuanceof the warrants, then the Company will earn the right by providingnotice to the warrant holders, to accelerate the expiry date of thewarrants to that date which is 30 days from the date of theacceleration notice.
The Company wishes to extend the expiry date of theWarrants to 4:00PM PST on July24, 2022 . All other terms and conditions ofthe Warrants, including the exercise price, remain the same.
About Apex Resources Inc.
Apex is a Canadian gold exploration and developmentcompany focused on British Columbia and the Yukon Territory. Apexhas a portfolio of quality properties including:
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1. The Mount Anderson gold-silverproperty in the Yukon.
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2. The Jersey-Emeraldtungsten-zinc property in southern BC.
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3. The Ore Hill gold property insouthern BC.
Apex management has a track record of mine discoverythat includes the discovery and development of the renowned Hemlo GoldMine in Ontario and the Mengapur copper-gold-molybdenum porphyrydeposit (225Mt @ 0.59% Cu equivalent) in Malaysia now underdevelopment by Monument Mining 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: mlee@apxresources.com or info@apxresources.com
This release was prepared by Apex'smanagement. Neither TSX Venture Exchange nor its Regulation ServicesProvider (as the term is defined in the policies of the TSX VentureExchange) accepts responsibility for the adequacy or accuracy of thisrelease. This news release includes certain statements that may bedeemed "forward-looking statements." All statements in thisrelease, other than statements of historical facts, that addressfuture production, reserve potential, exploration drilling,exploitation activities and events or developments that Apex expectsare forward-looking statements. Although Apex believes theexpectations expressed in such forward-looking statements are based onreasonable assumptions, such statements are not guarantees of futureperformance and actual results or developments may differ materiallyfrom those in the forward-looking statements. Factors that could causeactual results to differ materially from those in forward-lookingstatements include market prices, exploitation and explorationsuccesses, and continued availability of capital and financing, andgeneral economic, market or business conditions. Investors arecautioned that any such statements are not guarantees of futureperformance and those actual results or developments may differmaterially from those projected in the forward-looking statements. Formore information on Apex, investors should review Apex's filings thatare available at www.sedar.com or Apex's website at www.apxresources.com .
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