Business
Apex Resources Closes Non-Brokered Private Placement with Palisades Goldcorp
(via TheNewswire) Vancouver, BC - TheNewswire - September 4, 2020, - Apex...
About this update from Apex Resources Inc.
[{"type":"text","content":"Apex Resources Closes Non-Brokered Private Placement with Palisades Goldcorp(via TheNewswire)\n \n \nVancouver, BC - TheNewswire - September 4, 2020, - Apex Resources Inc. (TSXV:APX) (\"Apex\" or the \"Company\") is pleased to announce that, subject to the approval of the TSX Venture Exchange (the \"Exchange\"), it has closed a non-brokered private placement (the \"Private Placement\") issuing a total of 2,000,000 units (the \"Units\") to Palisades Goldcorp Ltd. at $0.10 per Unit for total gross proceeds of $200,000.\n\n\n \nEach Unit is comprised of one (1) common share (the \"Shares\") in the capital of the Company and one (1) non-transferable share purchase warrant (the \"Warrants\"). \n\n\n \nThe Warrants attached to the Units are exercisable into one Share of the Company for a period of 36 months from the date of issue at an exercise price of $0.15 per Share.\n\n\n \nThe Company paid finders' fees of $16,000 and 160,000 finders' warrants (the \"Finder's Warrants\") to 51 Media Ltd. The Finder's Warrants are exercisable under the same terms as the Private Placement warrants.\n\n\n \nAll securities issued will be subject to a four month hold period pursuant to securities laws in Canada and the Exchange hold period. Net proceeds from the Private Placement will be used for property exploration and general working capital.\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 Territory. Apex has a portfolio of quality properties including:\n\n\n \n\n\n1. The Mount Anderson gold-silver property in the Yukon. \n\n\n\n2. The Kena-Daylight gold property in southern BC under option to Boundary Gold and Copper Mining Ltd. \n\n\n\n3. The Jersey-Emerald tungsten-zinc property in southern BC. \n\n\n\n4. The Ore Hill gold property in southern BC. \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 and the Mengapur copper-gold-molybdenum porphyry deposit (225Mt @ 0.59% Cu equivalent) in Malaysia now under development by Monument Mining Ltd.\n\n\n \nAbout Palisades Goldcorp.\n\n\n \nPalisades Goldcorp is Canada's new resource focused merchant bank. Palisades' management team has demonstrated track record of making money and is backed by many of the ind...