Original News Release
Apex Resources closes $250,000 flow-through financing
Mr. Ron Lang reports
APEX CLOSES FLOW-THROUGH FINANCING
Apex Resources Inc. has closed the flow-through financing with the issuance of 3,571,429 FT units at a price of seven cents per FT unit for gross proceeds of $250,000.
Each FT unit is composed of one flow-through common share plus one-half non-transferable non-flow-through share purchase warrant. Each NFT warrant is exercisable to purchase one additional non-flow-through common share of the company at 10 cents for a period of two years expiring on Oct. 10, 2027.
The FT shares will qualify as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada). The gross proceeds raised from the issuance of the FT shares will be used by the company to incur Canadian exploration expenses (within the meaning of the tax act).
In connection with the FT financing, the company paid cash finders' fees of $17,500 and issued 250,000 finders' warrants with respect to the sale of FT units to an arm's-length subscriber. Each finder's warrant entitles the holder to purchase one additional common share of the company at seven cents for a period of two years expiring on Oct. 10, 2027.
The securities issued pursuant to the FT financing and finders' warrants are subject to a four-month-and-one-day hold period expiring on Feb. 11, 2026.
About Apex Resources Inc.
Apex is a Vancouver-based exploration company with a suite of precious and critical mineral projects and historic mines located in the United States and Canada.
The Jersey-Emerald property is wholly owned by Apex and encompasses the historic Jersey lead-zinc mine -- British Columbia's second-largest historic zinc mine, and the Emerald tungsten mine -- Canada's second-largest historic tungsten mine, both located in Southern British Columbia.
The Lithium Creek project is Apex's flagship project with placer claims covering hundreds of square miles within the aerially extensive Fernley, Humboldt and Carson Sinks, and includes widespread naturally flowing lithium brine groundwater. The Lithium Creek project is strategically located near the city of Reno and within 40 minutes of the principal North American battery hub, hosting the Tesla Gigafactory and other key industry players in the lithium-ion-battery supply chain.
We seek Safe Harbor.
View at source ↗