on Apex Critical Metals Corp. (isin : CA03753D1042)
Apex Critical Metals Corp. Announces Private Placement to Raise Up to $2,000,000
Apex Critical Metals Corp. (CSE:APXC)(OTCQB:APXCF), based in Vancouver, BC, has announced a non-brokered private placement offering. The offering aims to raise up to $2,000,000 through the issuance of 5,000,000 units priced at $0.40 per unit. Each unit consists of one common share and one common share purchase warrant, enabling the holder to buy an additional share at $0.60 within a year of the closing date.
The majority of the net proceeds are anticipated to fund property exploration, with the rest allocated to general working capital. All securities issued will be subject to a statutory hold period of four months and a day from the closing.
Insiders may participate in the offering, constituting a related party transaction but exempt from MI 61-101's formal valuation and minority shareholder approval requirements. The closing of the offering is contingent upon receiving subscriptions and necessary regulatory approvals.
R. E.
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