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Apex Resources and Prize Mining Corp. Amend Option Agreement on the Kena Gold Project in Southeastern B.C.
(via TheNewswire) Vancouver, BC - TheNewswire - June 28, 2019 - Apex Resources Inc. (T...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources and Prize Mining Corp. Amend Option Agreement on the Kena Gold Project in Southeastern B.C.(via TheNewswire)\n\n \nVancouver, BC - TheNewswire - June 28, 2019 - Apex Resources Inc. (TSX-V: APX) (\"Apex\") announces that it has entered into an agreement (the \"Amending Agreement\") with Prize Mining Corp. (TSX-V: PRZ) to amend the option agreement dated September 23, 2016, (the \"Option Agreement\"), granting Prize Mining Corp. and option to acquire 80% of the Kena Gold Property in southeastern B.C.\n\n\n \n\nPursuant to the Amending Agreement, Prize Mining Corp. will make the final $250,000 cash payment due October 3, 2019 by September 3, 2019 and a 375,000 share payment due October 3, 2019 will be made prior to July 31, 2019. Property exploration expenditures of $1,000,000 due October 3, 2019 will be extended to October 3, 2021 and exploration expenditures of $1,500,000 due October 3, 2020 will be extended to October 3, 2022. All other terms of the Option Agreement remain unchanged.\n\n \n \nAbout Apex Resources Inc.\n\n \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 in southern BC under option to Prize Mining Corp (1994854 Alberta Ltd.). \n\n\n\n2.The historic Jersey-Emerald tungsten-zinc mine in southern BC. \n\n\n\n3.The historic Ore Hill gold-silver property in southern BC. \n\n\n\n4.The Mount Anderson gold-silver property in the Yukon. \n\n\n\n5.The Red Ridge gold-silver property in the Yukon. \n\n\n\n6.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 \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 ...