The Company is also pleased to announce that it has received conditional acceptance from the
The Company further announces that it is arranging the concurrent, part and parcel non-brokered private placement (the 'Financing') which is being conducted in conjunction with the Acquisition. The Company has reduced the size of the Financing to 9,000,000 units (the 'Units') to raise gross proceeds of
Completion of the Acquisition and Financing are subject to customary closing conditions to transactions of this nature and final acceptance from the TSXV. The Company anticipates the completion to occur mid-late this month. All of the 18 million
Other Corporate Update: At the request of the TSXV, the Company has cancelled 1,500,000 stock options that were granted on
About
Apex is a mineral exploration company engaged in the business of the acquisition, exploration and development of mineral resource properties. Apex's common shares trade under the symbol 'APX' on the TSXV
Contact:
President
Tel: +1(778)895-0247
UTIONARY NOTE REGARDING FORWARD LOOKING STATEMENTS: This news release may contain forward-looking information within the meaning of applicable securities laws ('forward-looking statements'). Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words 'expects,' 'plans,' 'anticipates,' 'believes,' 'intends,' 'estimates,' 'projects,' 'potential' and similar expressions, or that events or conditions 'will,' 'would,' 'may,' 'could' or 'should' occur. These forward-looking statements are subject to a variety of risks and uncertainties which could cause actual events or results to differ materially from those reflected in the forward-looking statements, including, without limitation: receipt of regulatory approvals; risks related to fluctuations in metal prices; uncertainties related to raising sufficient financing to fund the planned work in a timely manner and on acceptable terms; changes in planned work resulting from weather, logistical, technical or other factors; the possibility that results of work will not fulfill expectations and realize the perceived potential of the Company's properties; risk of accidents, equipment breakdowns and labour disputes or other unanticipated difficulties or interruptions; the possibility of cost overruns or unanticipated expenses in the work program; the risk of environmental contamination or damage resulting from Apex's operations and other risks and uncertainties. Any forward-looking statement speaks only as of the date it is made and, except as may be required by applicable securities laws, the Company disclaims any intent or obligation to update any forward-looking statement, whether as a result of new information, future events or results or otherwise.
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