Apex closes $400,000 first tranche of financing

Executive Summary

• Apex Resources Inc. closed the first tranche of its non‑brokered financing, issuing 8 million NFT units at $0.05 each for gross proceeds of $400,000.
• Each unit includes one common share and a half‑share purchase warrant (full warrant allows purchase of an additional share at $0.10 for two years, expiring Aug 29, 2027).
• Proceeds will be used to fund Apex’s exploration projects and general working capital; insiders contributed $150,000, creating a related‑party portion exempt from minority approval under MI 61‑101.

Key Details

• Units Issued: 8,000,000 non‑flow‑through (NFT) units at $0.05 per unit.
• Gross Proceeds: $400,000.
• Unit Composition: 1 common share + ½ non‑transferable warrant; full warrant = right to buy 1 additional share at $0.10 for two years (expires Aug 29, 2027).
• Accelerated Expiry Clause: If TSX Venture price ≥ $0.20 for 10 consecutive trading days starting Dec 31, 2025, Apex may accelerate warrant expiry by press release; new expiry = 30 days after such notice.
• Hold Period: Securities from this tranche subject to a four‑month‑and‑one‑day hold period expiring Dec 30, 2025.
• Related‑Party Transaction: Insiders purchased $150,000 of units; financing qualifies for exemption under MI 61‑101 (no valuation or minority approval required).
• Use of Proceeds: Finance ongoing projects and general working capital; no finders’ fees paid.
• Future Tranches: Company will pursue remaining tranches as announced July 25, 2025; subsequent closings subject to exchange approval and similar hold periods.

Notable Quotes

(No direct quotes provided in the release.)