on Apex Critical Metals Corp. (CVE:APXC)
Apex Critical Metals Corp. Concludes $2.52 Million Private Placement
Apex Critical Metals Corp., based in Vancouver, has completed a non-brokered private placement, raising $2,520,000. This was achieved through the issuance of 4,200,000 units at $0.60 each. Each unit includes one common share and one warrant. These warrants allow the purchase of one additional share at $0.75 within two years. The funds are earmarked for property exploration and working capital.
The offering involved insider transactions, with 303,336 units acquired by company insiders. These transactions align with Multilateral Instrument 61-101 regulations, exempting the need for formal valuation due to the purchase's size being below 25% of the company's market capitalization.
The issued securities are subject to a four-month holding period. They have not been registered under the U.S. Securities Act of 1933, and this announcement is not an offer for sale in jurisdictions where it would be unlawful.
R. H.
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