Apex Resources Announces BC Securities Commission Technical Disclosure Review

(TheNewswire)

Vancouver, BC – TheNewswire - December 13, 2019, Apex Resources Inc. ("Apex”) (TSXV:APX) has recently been selected for a technical disclosure review by the BC Securities Commission. The review assessed the Company’s disclosure practices and overall level of compliance. The review identified two material deficiencies related to 2013 and 2016 filings that lead to the Company being placed on the Commission’s Issuers in Default list. Both issues require that the Company must file an independent NI 43-101 compliant technical report.

In its News Release dated April 11, 2013 the Company disclosed an increase in mineral resources on its Kena Project related to a resource update reported by the Company’s joint venture partner. Prior to disclosing the resource update Apex should have verified the resource and filed an independent technical report.

In its MD&A filed on May 26, 2016 the Company disclosed an increase in tungsten resources on its Jersey Emerald Project related to a resource update filed by another operator. Prior to disclosing the resource update Apex should have verified the resource and filed an independent technical report.

The updated resource estimates discussed above for the Kena-Daylight and Jersey Emerald projects are presently not supported by compliant NI 43-101 technical reports prepared for Apex Resources Inc. These two resource estimates should not be relied upon until they have been verified and supported by independent NI 43-101 compliant reports. Apex is in conversations with consulting firms to review these previously indicated resource estimates. Compliant updated NI 43-101 Technical Reports are expected to be completed early in the New Year.

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: [email protected] or [email protected]

Copyright (c) 2019 TheNewswire - All rights reserved.

Disclaimer :: Use of this site is subject to, and your continued use constitutes your express agreement to be bound by, our Legal and Terms of Use. Any commercial use of this site is strictly prohibited. Canadianinsider.com is operated by INK Research Corp (INK). INK provides general information. INK has made all reasonable efforts to ensure that all information provided is accurate at the time of inclusion; however, there may be errors. INK makes no guarantee of accuracy or completeness. All information and opinion expressed herein is subject to change without notice. Read more...Insider information is based on filings made on the System for Electronic Disclosure for Insiders (SEDI®). Data is provided “as is” and by using this site you acknowledge that the information which comprises the data is filed by or on behalf of the SEDI filers or other parties legally required or permitted to do so. Filings may at any time contain errors and by using this site you acknowledge this fact. INK is not an investment advisory service, a financial planner, an investment advisor nor a securities advisor. INK does not purport to tell people, or suggest to people, what they should buy or sell for themselves. Opinions and recommendations contained herein should not be construed as investment advice. Do not assume that any recommendations, insights, charts, theories, or philosophies will ensure profitable investment. Users should always consult with and obtain advice from their professional licensed financial advisor, including their tax advisor, to determine the suitability of any investment. INK recommends that anyone making an investment or trading securities do so with caution. Users should perform full due diligence and investigate any security fully before making an investment or before the execution of a security trade based upon information learned through INK. Investors should obtain annual reports and other company information to complete their own due diligence in any investment. Neither INK nor anyone affiliated with INK is responsible for any investment decision made. INK employees may have an ownership or investment interest in any stock mentioned in this service or on this website. On this site, there may be third party content, content from authors or links to third-party sites or pages, the contents of which are not verified, maintained, controlled or supervised by INK. INK is not responsible for and assumes no liability for the accuracy, completeness or timeliness of any third party content or authored content provided herein or the information or contents of any linked sites or pages. The inclusion of any authored content or link by us does not imply that INK recommends, approves or endorses the authored content or linked site or pages. INK Edge® and INK Research® are registered trade-marks owned by INK Research Corp. SEDI® is a registered trade-mark owned by the Alberta Securities Commission.Read less

Please make the indicated changes including the new text: US quotes snapshot data provided by IEX. Additional price data and company information powered by Twelve Data.

Interactive technical study charts by TradingView. Copyright © 2024 INK Research Corp. All rights reserved. All trade-marks or trade names not owned by INK Research Corp. are the property of their respective owners.