Mr. Sean Charland reports
APEX CRITICAL COMPLETES PRIVATE PLACEMENT OF FLOW THROUGH SHARES FOR PROCEEDS OF $1,499,999.76
Apex Critical Metals Corp. has completed a non-brokered private placement (see the company's news release dated Feb. 14, 2025) by issuing a total of 1,530,612 flow-through (FT) common shares at a price of 98 cents per FT share for gross proceeds of $1,499,999.76.
The FT shares were issued as flow-through shares (within the meaning of Subsection 66(15) of the Income Tax Act (Canada) and Section 359.1 of the Taxation Act (Quebec). The proceeds from the issuance of the FT shares will be used to incur eligible resource exploration expenses, which will qualify as Canadian exploration expenses (CEE) (as defined in the Income Tax Act (Canada)). In addition, subscribers residing in the province of Quebec are also eligible for: (i) an additional deduction for CEE that qualifies as exploration base relating to certain Quebec exploration expenses incurred in Quebec, within the meaning of Section 726.4.10 of the Taxation Act (Quebec); and (ii) for an additional deduction for certain surface mining CEE incurred in Quebec that qualifies as exploration base relating to certain Quebec surface mining exploration expenses within the meaning of Section 726.4.17.2 of the Taxation Act (Quebec).
All securities issued pursuant to the offering are subject to a statutory hold period of four months and a day from the date of issuance.
In connection with the offering, the company paid cash fees of $89,999.99 to one qualified finder, Mine Equities Ltd.
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 Canadian Securities Exchange and its common shares currently trade under the symbol APXC.
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