Zimtu Capital acquires 2.4 million Apex shares

Executive Summary

• Zimtu Capital Corp. acquired 2.4 million shares of Apex Critical Metals Corp. via warrant exercise, increasing its ownership stake and triggering an early warning report requirement.
• Following the transaction, Zimtu holds 7,947,216 common shares and 278,336 warrants, representing 10.87% of Apex's issued and outstanding shares on an undiluted basis.
• The acquisition exceeded the 2% threshold, necessitating disclosure under National Instrument 62-103 and 62-104.

Key Details

• Transaction Type: Acquisition of shares pursuant to warrant exercise.
• Shares Acquired: 2,400,000 common shares of Apex Critical Metals Corp.
• Purchase Price: 6.667 cents per share.
• Pre-Transaction Holdings: Zimtu directly owned and controlled 5,547,216 common shares, representing 7.75% of Apex's issued and outstanding common shares on a fully diluted basis.
• Post-Transaction Holdings:
  • Common Shares: 7,947,216 shares.
  • Warrants: 278,336 share purchase warrants.
  • Undiluted Ownership: 10.87% of issued and outstanding common shares.
  • Partially Diluted Ownership: 7.58% of issued and outstanding common shares.
• Purpose: Acquired for investment purposes only; Zimtu may increase or decrease ownership in the future.
• Regulatory Context: The acquisition exceeded 2% of the issued and outstanding common shares, triggering the Early Warning System requirements under National Instrument 62-103 and 62-104. An early warning report will be filed with SEDAR+.

Notable Quotes

• "Zimtu acquired the shares for investment purposes only, and, depending on market and other conditions, may from time to time in the future increase or decrease its ownership, control or direction over securities of Apex, through market transactions, private agreements or otherwise."