Apex Resources Retains Consultants on its Jersey Emerald and Mt. Anderson Projects
TSX VENTURE: APX
Vancouver, BC - TheNewswire - June 21, 2019, - Apex Resources Inc. ("Apex" ) (TSXV: APX) is pleased to report that it has retained the services of T.A. Hill Consulting Corp ("T.A. Hill") to assist in procuring and engaging a Joint Venture partner for its Jersey Emerald Property located in southeastern British Columbia. Apex and T.A. Hill has entered into both a Shares for Service Agreement and Finder's Fee Agreement. In the Shares for Service Agreement, Apex has agreed to compensate T.A. Hill Consulting up to 250,000 common shares of Apex's shares including an initial payment of 100,000 shares at a deemed price of $0.05 per shares for services rendered thus far. Remaining 150,000 shares payment will be issued upon completion of milestones at a deemed price of shares to be determined after services have been rendered. Upon the successful completion of a Joint Venture (JV) Agreement, Apex will further compensate T.A. Consulting a finder's fee of up to 10% of the Option Payment Value of the JV Agreement, comprised of a schedule of cash and share payments issued at a deemed price to be determined at the time of payment. Both Shares for Service and Finder's Fee Agreement are subject to TSX Exchange Approval.
T.A. Hill Consulting Corp. is based in Trail, B.C. and has extensive experience with mining activities in the Kootenay region of B.C.
Apex has also entered into a Shares for Service Agreement with Dallas Davis for the compilation and acquisition of digital data of Soil and Rock Samples as well as MMI Results on Apex's Mt. Anderson Property located in the Yukon Territories. In the Agreement, Apex has agreed to compensate Mr. Davis by issuing 50,000 common shares of Apex stock at a deemed price of $0.05 per share. The Agreement is subject to TSX Exchange Approval.
About Apex Resources Inc.
Apex is a Canadian gold exploration and development company focused on British Columbia and the Yukon Territories. Apex has a portfolio of quality properties including:
The Mount Anderson gold-silver property in the Yukon.
The Red Ridge gold-silver property in the Yukon.
The Cloud, Eldorado and Wild properties in BC's Golden Triangle.
The Kena-Daylight gold property in southern BC under option to Prize Mining Corp.
The Jersey-Emerald tungsten-zinc property in southern BC.
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
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.