22:00:57 EDT Sat 05 Oct 2024
Enter Symbol
or Name
USA
CA



Apex Critical Metals Corp
Symbol APXC
Shares Issued 22,835,364
Close 2024-07-05 C$ 0.53
Market Cap C$ 12,102,743
Recent Sedar Documents

Apex Critical Metals arranges $1M FT unit placement

2024-07-05 20:07 ET - News Release

Mr. Sean Charland reports

APEX CRITICAL METALS CORP. ANNOUNCES PRIVATE PLACEMENT OF FLOW-THROUGH UNITS TO RAISE GROSS PROCEEDS OF UP TO $1,000,000

Apex Critical Metals Corp. intends to undertake a non-brokered private placement offering of up to 1,538,461 flow-through units (each, an FT unit) at a price of 65 cents per FT unit for aggregate gross proceeds of up to $1-million. Each FT unit shall comprise one common share in the capital of the company to be issued as a flow-through share within the meaning of the Income Tax Act (Canada) and one common share purchase warrant (each whole warrant, an FT warrant) issued on a non-flow-through basis. Each warrant shall entitle the holder to receive one non-flow-through common share in the capital of the company at a price of $1.00 per warrant share at any time before the date that is two years following the date of issuance.

All securities issued in connection with the offering will be issued pursuant to one or more prospectus exemptions available to the company, and will be subject to a hold period of four months and one day from the date of issuance as required under applicable securities laws. The offering is expected to close on or about Aug. 9, 2024, or such other earlier or later date as may be determined by the company. Closing of the offering will be subject to customary closing conditions including applicable Canadian Securities Exchange approval.

The gross proceeds from the sale of the FT units will be used by the company to incur eligible Canadian exploration expenses that will qualify as flow-through mining expenditures as such terms are defined in the Income Tax Act (Canada) (the qualifying expenditures) related to the company's Cap property located in British Columbia, Canada, on or before Dec. 31, 2024. All qualifying expenditures will be renounced in favour of the subscribers effective Dec. 31, 2024.

The company may pay finders' fees in connection with the offering in accordance with the policies of the Canadian Securities Exchange.

About Apex Critical Metals Corp.

Apex Critical Metals is a Canadian exploration company specializing in the acquisition and development of high-potential rare-earth elements (REEs) and niobium properties. Apex Critical Metals is publicly listed on the CSE, and its common shares currently trade under the symbol APXC.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.