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Apex Critical Metals Announces Private Placement of Flow Through Shares
VANCOUVER, BC / ACCESS Newswire / February 14, 2025 / Apex Critical Metals Corp. (CSE:APXC) (OTCQB:APXCF) ("Apex" or the "Company"), is pleased to announce a no
About this update from Apex Critical Metals Corp
[{"type":"text","content":" VANCOUVER, BC / ACCESS Newswire / February 14, 2025 / Apex Critical Metals Corp. (CSE:APXC) (OTCQB:APXCF) (\"Apex\" or the \"Company\"), is pleased to announce a non-brokered private placement offering of up to 1,530,612 flow-through common shares (each, an \"FT Share\") at a price of $0.98 per FT Share for aggregate gross proceeds of up to $1,500,000 (the \"Offering\"). The FT Shares will qualify as \"flow-through shares\" (within the meaning of subsection 66(15) of the Income Tax Act (Canada) and section 359.1 of the Taxation Act (Québec). An amount equal to the gross proceeds from the issuance of the FT Shares will be used to incur eligible resource exploration expenses which will qualify as \"Canadian exploration expenses\"(as defined in the Income Tax Act (Canada)). In addition, with respect to eligible subscribers residing in the province of Québec, they would also be eligible for i) an additional deduction for CEE that qualifies as \"exploration base relating to certain Québec exploration expenses\" incurred in Québec, within the meaning of section 726.4.10 of the Taxation Act (Québec), and ii) for an additional deduction for certain surface mining CEE incurred in Québec that qualifies as \"exploration base relating to certain Québec surface mining exploration expenses\" within the meaning of section 726.4.17.2 of the Taxation Act (Québec). The FT Shares will be subject to a hold period of four months and one day from the date of issuance. Closing of the Offering will be subject to satisfaction of certain conditions, including, but not limited to, the receipt of all necessary regulatory and other approvals, including approval by the Canadian Securities Exchange (the \"CSE\"). None of the securities sold in connection with the Offering will be registered under the United States Securities Act of 1933, as amended, and no such securities may be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This news release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation or sale would be unlawful. About Apex Critical Metals Corp. Apex Critical Metals Corp.is a Canadian exploration company specializing in the acquisition and development of hi...