(TheNewswire)
December 15, 2020 – TheNewswire - Vancouver, BC. - ApexResources Inc. (“Apex” or the “Company”) (TSXV:APX) reports that further to its news release ofNovember 20, it has engaged Moose Mountain Technical Services(“MMTS”) of Cranbrook, B.C. for the preparation of updatedresource estimates for the East Emerald tungsten deposit on itsJersey-Emerald Property and for the Kena and Gold Mountain zones onits Kena-Daylight Gold property. Both properties are located insoutheastern British Columbia.
On November 19, 2020 the Company became subject to aCease Trade Order issued by the BC Securities Commission (see Nov 23,2020 news release). The Company was notified by the Commission thatthe Company will be subject to the Cease Trade Order until: (1) theCompany files technical reports to support the Company's earlierdisclosure made in its May 26, 2016 Management Discussion and Analysisrelated to the Jersey-Emerald Property and in its January 22, 2018news release related to the Kena-Daylight Property; and (2) theExecutive Director of the Commission has revoked the Cease TradeOrder.
Report preparation is currently under way andpreliminary reports are expected by late January.
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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