Apex Critical Metals closes $10-million financing

Executive Summary

• Apex Critical Metals Corp. has completed a non-brokered private placement, issuing 4 million units at $2.50 per unit for gross proceeds of $10 million.
• The offering includes common shares and warrants, with proceeds designated for general working capital and exploration expenses.
• The company incurred finder's fees consisting of cash and non-transferable warrants in connection with the transaction.

Key Details

• Gross Proceeds: $10,000,000
• Units Issued: 4,000,000 units
• Price Per Unit: $2.50
• Security Structure: Each unit consists of one common share and one common share purchase warrant.
• Warrant Terms: Each warrant is exercisable to acquire one common share at an exercise price of $3.00 per share.
• Warrant Expiry: Two years from the date of issuance.
• Use of Proceeds: General working capital purposes and exploration expenses.
• Finder's Compensation:
  • Cash paid: $255,500
  • Warrants issued: 102,200 non-transferable finders' warrants
  • Finder's Warrant Terms: Entitles holder to purchase one common share at $3.00 per share for a period of two years.
• Hold Period: All securities are subject to a statutory hold period of four months and one day from issuance.

Notable Quotes

• None provided in the text.