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Apex Announces Resumption of Trading and Receipt of TSX Venture Exchange Conditional Approval of Lithium Creek Option Acquisition
(TheNewswire) Vancouver – TheNewswire - May 8, 2024 – Apex Resour...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Announces Resumption of Trading and Receipt of TSX Venture Exchange Conditional Approval of Lithium Creek Option Acquisition\n \n \n (TheNewswire)\n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n \n Vancouver –\n \n \n TheNewswire -\n \n \n May 8, 2024\n \n \n – Apex\nResources Inc. (“Apex” or the “Company”) (TSXV:APX) is pleased\n \n \n to announce that the Company’s shares will\nresume trading effective at the open of market on Thursday, May 9,\n2024.\n \n \n \n \n The Company is also pleased to announce that it has\nreceived conditional acceptance from the TSX Venture Exchange\n(“TSXV”) of the previously announced proposed acquisition of all\nthe shares (the “TargetCo Shares”) of an arm’s length\ncorporation (“TargetCo”) holding a 100% option over the\nconsolidated mineral rights of the Lithium Creek Property (the\n“Property”) in Nevada, USA (the “Acquisition”).\n \n \n \n \n \n 1.\n \n \n \n The Company further announces that it is arranging the\nconcurrent, part and parcel non-brokered private placement (the\n“Financing”) which is being conducted in conjunction with the\nAcquisition.  The Company has reduced the size of the Financing to\n9,000,000 units (the “Units”) to raise gross proceeds of $630,000.\n Each Unit is comprised of one common share of the Company (an\n“Apex Share”) and one share purchase warrant (a “Warrant”),\nwith each Warrant entitling the holder to purchase an additional Apex\nShare for a price of $0.12 for a period of two years, subject to an\nacceleration provision.\n \n \n \n \n Completion of the Acquisition and Financing are subject\nto customary closing conditions to transactions of this nature and\nfinal acceptance from the TSXV.  The Company anticipates the\ncompletion to occur mid-late this month.  All of the 18 million Apex\nShares to be issued to the vendors of the TargetCo Shares pursuant to\nthe Acquisition will be deposited into a Tier 2 Value Escrow Agreement\nand released in accordance with the provisions thereof.  All of the\nApex Shares issued pursuant to the Financing will be subject to a\nfour-month hold period from the closing date.\n \n \n \n \n Other Corporate Update:\n \n \n ...