Apex Resources and Margaux Resources Amend Option Agreement on the Jersey Emerald Project in Southeastern B.C.

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[{"type":"text","content":"Apex Resources and Margaux Resources Amend Option Agreement on the Jersey Emerald Project in Southeastern B.C.(via TheNewswire)\n\n \nVancouver, BC / TheNewswire / March 1, 2018 - Apex Resources Inc. (TSX-V: APX) (\"Apex\") announces that it has entered into an agreement (the \"Amending Agreement\") with Margaux Resources Ltd. (TSX Venture: MRL) (\"Margaux\") to amend the option agreement dated November 8, 2013, (the \"Option Agreement\"), granting Margaux an option to purchase 100% of the Jersey Emerald Property for aggregate payments totaling $4.02 million according to terms set therein.\n\nPursuant to the Amending Agreement, Margaux will continue to make monthly payments of $50,000 per month until December 1, 2018. Commencing January 1, 2019, monthly payments will increase to $100,000 and continue until a total of $4,020,000 has been paid to Apex.\n\n \n \nIf prior to December 1, 2018, Margaux is successful in raising an additional $1.5 million of hard dollars, Margaux will then remit $75,000 monthly until December 1, 2018. All other terms of the Option Agreement remain unchanged.\n\n \n \nAbout Apex Resources Inc.: \n\nApex is a Canadian gold exploration and development company focused on British Columbia and the Yukon Territories. Apex has a portfolio of quality properties including:\n\n\n \n\n\n1.The 1.9 million ounce Kena-Daylight gold property under option to Prize Mining Corp. \n\n\n\n2.The Jersey-Emerald tungsten-zinc property under option to Margaux Resources Ltd. \n\n\n\n3.The Mount Anderson gold-silver property in the Yukon. \n\n\n\n4.The Red Ridge gold-silver property in the Yukon. \n\n\n\n5.The Cloud, Eldorado and Wild properties in BC's Golden Triangle. \n\n\n\n\n \nApex management has a track record of mine discovery that includes the discovery and development of the renowned Hemlo Gold Mine in Ontario. For further information on the Company's projects, visit www.apxresources.com.\n\n\n \nArthur G. Troup, P.Eng., Geological\nPresident and CEO\n\n\n \nFor further information please contact:\nMarc Lee, Investor and Corporate Communications\nTel: (604) 628-0519 Fax: (604) 628-0446 \nEmail: [email protected] or [email protected]\n\n\n \nThis release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture E...

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