April 24, 2013
PSE MEMORANDUM NO. LA-0157-13
| TO | : | The Investing Public |
| SUBJECT | : | Apex Mining Company, Inc. Release of Shares Under Escrow |
This is with reference to Memorandum LA_No. 2012-0452 and 2012-0460 dated October 18, 2012 and October 23, 2012, respectively, regarding the additional listing of 198,048,864 common shares of APEX MINING COMPANY, INC. ("APX" or the "Company"), with a par value of P1.00 per share, to cover the private placement transactions with Solar Securities, Inc., Vicsal Development Corporation, Monte Oro Resources and Energy, Inc. ("MORE") and Mindanao Gold Limited (collectively, the "Subscribers"). The said common shares of the Company were listed on October 22, 2012. STaIHc
In relation thereto, the Exchange received a letter dated April 17, 2013 from BDO Unibank, Inc. — Trust and Investments Group (the "Escrow Agent"), advising the Exchange that the 120,000,000 Class "A" common shares of APX subscribed by MORE under the said private placement transaction that are held in escrow in compliance with the one hundred eighty (180)-day lock-up requirement of the Exchange will expire on April 20, 2013. This is in accordance...
