Apex Resources Inc. (TSXV:APX) entered into share purchase agreement to acquire 1434001 B.C. Ltd. for CAD 1.34 million on January 8, 2024. As a part of consideration, Apex Resources Inc. will give cash worth 0.08 million and issue 18 million shares in exchange for 1.43 million shares of 1434001 B.C. Ltd. The Payment Shares are subject to voluntary pooling restriction as follows: 12.5% of the Payment Shares will be released on three months after closing of the Acquisition and an additional 12.5% of the Payment Shares will be released every three months thereafter. As of May 8, 2024, Apex Resources received conditional acceptance from the TSX Venture Exchange of the transaction.

The transaction is expected to complete mid-late month of May 2024.