Apex Resources Announces Revocation of Cease Trade Order
Vancouver, November 25, 2021 - Apex Resources Inc. (TSXV:APX) ("Apex" or the "Company") announces that the cease trade order (the "CTO") issued by the British Columbia Securities Commission (the "BCSC") on November 19, 2020 has been revoked. The CTO was issued by the BCSC as a result of the failure to file the required technical reports (the "Technical Reports") under section 4.2(1)(j)(ii) of National Instrument 43-101 Standards for Disclosure for Material Projects for its Jersey-Emerald property (the "Jersey-Emerald Property") and its Kena-Daylight property (the "Kena-Daylight Property").
The Company filed on SEDAR the Technical Report for its Kena-Daylight Property and July 23, 2021 and Technical Report for its Jersey-Emerald Property on September 14, 2021.
As a result of the CTO, the Company's common shares were suspended from trading on the TSX Venture Exchange on November 19, 2020. Following the revocation of the CTO, the Company's suspension of its common shares will be lifted and trading will resume on the TSX Venture Exchange following the dissemination of this news release.
About Apex Resources Inc.
Apex is primarily a Canadian gold exploration and development company focused on British Columbia and the Yukon Territory. Apex has a portfolio of quality properties including:
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The Jersey-Emerald tungsten-zinc property in southern BC.
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The Ore Hill gold property in southern BC.
Apex management has a track record of mine discovery that includes the discovery and development of the renowned Hemlo Gold Mine in Ontario and the Mengapur copper-gold-molybdenum porphyry deposit (225Mt @ 0.59% Cu equivalent) in Malaysia now under development by Monument Mining Ltd.
For further information on the Company's projects, visit www.apxresources.com.
Arthur G. Troup, P.Eng., Geological
President and CEO
For further information please contact:
Marc Lee, Investor and Corporate Communications
Tel: (604) 628-0519 Fax: (604) 628-0446
Email: mlee@apxresources.com or info@apxresources.com
This release was prepared by Apex's management. Neither TSX Venture Exchange nor its Regulation Services Provider (as the term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release includes certain statements that may be deemed "forward-looking statements." All statements in this release, other than statements of historical facts, that address future production, reserve potential, exploration drilling, exploitation activities and events or developments that Apex expects are forward-looking statements. Although Apex believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and those actual results or developments may differ materially from those projected in the forward-looking statements. For more information on Apex, investors should review Apex's filings that are available at www.sedar.com or Apex's website at www.apxresources.com
