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Apex Resources (TSXV:APX) has announced a non-brokered private placement

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The company is looking to raise gross proceeds of up to $375,000, from the placement of up to 5,750,000 non flow-through units priced at $0.065 per unit and $375,000 from the placement of up to 3.400,000 flow-through units priced at $0.11 per unit. Both units consist of 1 share and 1 warrant, with each warrant exercisable at $0.14 for 12 months, subject to an acceleration clause.

Additional Information:

Company: Apex Resources
Website: http:// www.APXresources.com
Stock Symbol: TSXV: APX
Date Published: Jun 9, 2020
Transcript: Available

Video Transcript:

I’m Fiona Forbes for Investmentpitch Media

Apex Resources has announced a non-brokered private placement.

The company is looking to raise gross proceeds of up to $375,000, from the placement of up to 5,750,000 non flow-through units priced at $0.065 per unit and $375,000 from the placement of up to 3.400,000 flow-through units priced at $0.11 per unit.

Both units consist of 1 share and 1 warrant, with each warrant exercisable at $0.14 for 12 months, subject to an acceleration clause.

The shares are currently trading at $0.08.

Apex is a Canadian gold exploration and development company focused on its portfolio of properties in British Columbia and the Yukon Territories.

The company plans to continue exploration at Ore Hill, which is located 42 kilometers south of Nelson, B.C. at the south end of the Sheep Creek Gold Camp.

Drilling will step out from the initial 2 holes to test the strike and down-dip extension of the gold mineralization encountered during the 2019 program.

Of the 284 core sections assayed in the two drill holes, results ranged from less than detection up to 289.97 gpt gold over 0.30 meters.

Arthur Troup, President and CEO, stated: “It’s very encouraging to obtain significant results from our initial two drill holes on this property. The 2019 drill program indicates potential for multiple zones of elevated gold grades within a broad structural zone associated with a 1,500 metre long gold-in-soil anomaly. We are looking forward to continuing our exploration program at Ore Hill in 2020.”

All permits are in place for the expanded drill program which will commence upon completion of a structural geological mapping program to assist with fine tuning the drill target areas, with the scale of the exploration program dependent upon completion of financing.

For more information, please visit the company’s website at www.APXresources.com, contact Marc Lee, Investor and Corporate Communications, at 604-628-0519 or by email at mlee@APXresources.com.

I’m Fiona Forbes for Investmentpitch Media