APEX RESOURCES INC. : http://www.apxresources.com/ : QwikReport

News Releases

#Wed Sep 16, 2020
Apex Resources Announces Non-Brokered Private Placement

 

NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES

September 16, 2020, Vancouver, British Columbia -- 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 $600,000 through the issuance of approximately 3,000,000 units (the "Units") at $0.10 per Unit for gross proceeds of up to $300,000 and the issuance of approximately 3,000,000 flow-through units (the "FT Units") at $0.10 per FT Unit for gross proceeds of up to $300,000.  

Each Unit will consist of one common share and one non-transferable share purchase warrant each warrant entitling the holder to purchase one additional common share of the Company at a price of $0.16 per common share for a period of 1 year, subject to the below acceleration provision.

Each FT Unit will consist of one flow-through common share and one-half of one non-transferable share purchase warrant with each whole warrant entitling the holder to purchase one additional common share of the Company at a price of $0.16 per common share for a period of 1 year, subject to the below acceleration provision.

The Warrants are subject to an acceleration clause whereby if the volume weighted average closing price of the Shares on the Exchange is $0.30 or more for 20 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 plus one day from the date of closing of the Private Placement.  Net proceeds from the Private Placement will be used for property exploration and for general working capital.

The Company welcomes all qualified investors to participate in the Private Placement. 

Apex is presently focused on the advancement of its Ore Hill gold property in southern BC. In 2019 preliminary drilling in 2 holes at Ore Hill intersected new zones of gold mineralization which include 289.97 g/t gold over 0.30 m (see Dec 17, 2019 News Release).  The 2020 drill program is testing the extension of the 2019 intersections along a 1,500 metre long gold in soil anomaly. Drilling is currently underway and 940 metres of NQ diamond drilling have been completed in five holes. Drill core from the initial three holes have been logged and split. The core has been sent for assay and results are expected in 5 to 6 weeks.

Apex's exploration programs are conducted under the supervision of Ms. Linda Dandy, P.Geo., VP Exp., Director and Perry Grunenberg, P.Geo.  Both are "Qualified Persons" for the purpose of NI 43-101 reporting.

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.
  1. The Kena-Daylight gold property in southern BC under option to Boundary Gold and Copper Mining Ltd.
  1. The Jersey-Emerald tungsten-zinc property in southern BC.
  1. 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.

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: or

This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term 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 potential, 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 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 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 Securities Act of 1933, as amended, and may not be offered or sold within the 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 solicitation 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 company and management, as well as financial statements.

 
#Fri Sep 4, 2020
Apex Resources Closes Non-Brokered Private Placement with Palisades Goldcorp

 NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES

September 4, 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 closed a non-brokered private placement (the "Private Placement") issuing a total of 2,000,000 units (the "Units") to Palisades Goldcorp Ltd. 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 one Share of the Company for a period of 36 months from the date of issue at an exercise price of $0.15 per Share.

The Company paid finders' fees of $16,000 and 160,000 finders' warrants (the "Finder's Warrants") to 51 Media Ltd. The Finder's Warrants are 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 and the Exchange hold period. Net proceeds from the Private Placement will be used for property exploration and 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 making 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 significant 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: mlee@apxresources.com or info@apxresources.com


This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term 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 potential, 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 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 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 Securities Act of 1933, as amended, and may not be offered or sold within the 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 solicitation 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 company and management, as well as financial statements.


View News Release in PDF format:
File: http://www.apxresources.com/i/pdf/2020-09-04_NR.pdf
 70 KB, approx. 14 seconds at 56.6Kbps
 
#Tue Sep 1, 2020
Apex Resources Announces Private Placement with a Lead Order from Palisades Goldcorp

 NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES

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 making 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 significant 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: mlee@apxresources.com or info@apxresources.com


This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term 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 potential, 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 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 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 Securities Act of 1933, as amended, and may not be offered or sold within the 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 solicitation 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 company and management, as well as financial statements.
File: http://www.apxresources.com/i/pdf/2020-09-01_NR.pdf
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#Wed Aug 12, 2020
Apex Resources Commences Exploration on its Ore Hill Gold Project, BC

 August 12, 2020, Apex Resources Inc. ("Apex") (TSXV: APX) is pleased to announce that the 2020 exploration program is now underway on its Ore Hill Gold Property, located near Salmo in southeastern British Columbia. Exploration work will focus on the 2019 discovery zone where drilling intersected several high-grade gold zones including 289.97 g/t gold over 0.30 m in drill hole OH19-1 (see Dec 17, 2019 News Release).

The initial phase of this year's exploration program is budgeted for $200,000 and will consist of detailed geological mapping, trenching and diamond drilling in the 2019 discovery area. Reconnaissance exploration will also continue throughout the length of the 1.5 kilometre long gold in soil anomaly.

The Ore Hill property is located 45 kilometres south of the town of Nelson, BC in the historic Sheep Creek Gold District. The property contains polymetallic gold bearing quartz veins that were initially staked in 1901. Several veins have been explored with nine adits and over 1,200 metres of underground development. Between 1906 and 1940, a total of 3,335 tonnes of ore were mined at an average grade of 34.7 g/t gold and 60.7 g/t silver (BC Minfile 82FSW054 & 082FSW053). Recent exploration includes a soil geochemical sampling survey, mapping and sampling programs carried out in 2017 and 2018 (News Release dated Nov. 14, 2018) and 500 metres of diamond drilling by Apex in 2019. These recent exploration programs demonstrated potential for widespread gold and silver mineralization along a 1,500 metre long gold in soil anomaly on the property.

Apex believes that the Ore Hill Zone represents a unique, new deposit type within the historic Sheep Creek Gold District. Located just 15 kilometers from the town of Salmo, the road accessible property has excellent infrastructure that includes a nearby skilled workforce, power and water.

The Company has contracted Critchlow Enterprises Ltd. of Salmo, BC to complete 1000 metres of diamond drilling planned for the initial program. An existing, decommissioned access road is currently being opened into the 2,000 hectare property. Mr. Bernard Augsten, P.Geo., of Nelson, BC has been contracted for the geological program and diamond drilling is expected to commence by mid-August.

Apex's Ore Hill exploration program is being conducted under the supervision of Perry Grunenberg, P.Geo. Perry Grunenberg, is a "Qualified Person" for the project and has read and approved the contents of this News Release.

About Apex Resources Inc.

Apex is a Canadian mining 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.

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: or

This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term 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 potential, 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 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 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.

File: http://www.apxresources.com/i/pdf/2020-08-12-NR-APX-Di91F0DDeQ.pdf
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#Mon Jul 27, 2020
Apex Resources Announces Closing of Non-Brokered Private Placement

 NOT FOR DISTRIBUTION TO THE UNITED STATES OR FOR DISSEMINATION IN THE UNITED STATES

July 27, 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 closed a non-brokered private placement (the "Private Placement") issuing a total of  5,769,231 units (the "Units") at $0.065 per Unit for total gross proceeds of $375,000.

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 one Share of the Company for a period of 12 months from the date of issue at an exercise price of $0.14 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.

The Company paid finders' fees of $11,154 and 171,600 finders' warrants (the "Finder's Warrants") to Leede Jones Gable Inc. and PI Financial Corp.  The Finder's Warrants are 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 an expanded drill program on the Ore Hill Property and for general working capital.

Arthur G. Troup, President, CEO and a director of the Company, subscribed for 500,000 Units.  As a result, the Private Placement is a related party transaction (as defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101")).  The Company relied upon section 5.5(b) Issuer Not Listed on Specified Markets and 5.7(a) fair market value not more than $2,500,000 (calculated in accordance with MI 61‑101).

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.

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: or

This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term 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 potential, 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 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 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 Securities Act of 1933, as amended, and may not be offered or sold within the 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 solicitation 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 company and management, as well as financial statements.

File: http://www.apxresources.com/i/pdf/2020-07-27-NR-APX.pdf
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