(TheNewswire)
Vancouver – TheNewswire - March 26, 2024 –Apex Resources Inc. (“Apex” or the “Company”) (TSXV:APX). The Company wishes to provide an update withrespect to the previously announced proposed acquisition of all theshares of an arm’s length corporation holding a 100% option over theconsolidated mineral rights of the Lithium Creek Property (the“Property”) in Nevada, USA (the “Acquisition”).
In accordance with TSX Venture Exchange (“TSXV”)Policy 5.3 – Acquisitionsand Dispositions of Non-Cash Assets (“Policy5.3”), the trading of the common shares of the Company on the TSXVwas halted on January 9, 2024 pending TSXV review, as the Acquisitionis a “Fundamental Acquisition” for the Company, as defined inPolicy 5.3. The trading halt will be lifted by the TSXV once certainconditions have been met under Section 5.6 of Policy 5.3, includingthe review by the TSXV of the technical report prepared in compliancewith National Instrument 43-101 – Standards of MineralDisclosure with respect to the Property.
The Company alsoannounces that it will continue with its planned non-brokered privateplacement (the “Financing”) as announced in its news release datedJanuary 9, 2024.
The Acquisition and Financing are subject to approvalby the TSXV. All shares issued with respect to the Acquisition andthe Financing will be subject to a four month hold period from theclosing date.
About Apex Resources Inc.
Apex is a mineral exploration company engaged in thebusiness of the acquisition, exploration and development of mineralresource properties. Apex’s common shares trade under the symbol"APX” on the TSX Venture Exchange (TSX-V).
On Behalf of the Board of Directors of
Apex Resources Inc.
Jay Roberge
President
Ph. +1(778)895-0247 or info@apxresources.com website: www.apexresources.com
Neither TSX Venture Exchange nor itsRegulation Services Provider (as that term in defined in the policiesof the TSX Venture Exchange) accepts responsibility for the adequacyor accuracy of this press release.
UTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS:This news release may contain forward-looking information within themeaning of applicable securities laws (“forward-lookingstatements”). Forward-looking statements are statements that are nothistorical facts and are generally, but not always, identified by thewords “expects,” “plans,” “anticipates,” “believes,”“intends,” “estimates,” ‘projects,” “potential” andsimilar expressions, or that events or conditions “will,”“would,” “may,” “could” or “should” occur. Theseforward-looking statements are subject to a variety of risks anduncertainties which could cause actual events or results to differmaterially from those reflected in the forward-looking statements,including, without limitation: receipt of regulatory approvals; risksrelated to fluctuations in metal prices; uncertainties related toraising sufficient financing to fund the planned work in a timelymanner and on acceptable terms; changes in planned work resulting fromweather, logistical, technical or other factors; the possibility thatresults of work will not fulfill expectations and realize theperceived potential of the Company’s properties; risk of accidents,equipment breakdowns and labour disputes or other unanticipateddifficulties or interruptions; the possibility of cost overruns orunanticipated expenses in the work program; the risk of environmentalcontamination or damage resulting from Apex’s operations and otherrisks and uncertainties. Any forward-looking statement speaks only asof the date it is made and, except as may be required by applicablesecurities laws, the Company disclaims any intent or obligation toupdate any forward-looking statement, whether as a result of newinformation, future events or results or otherwise.
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