Forrest backs Apex to tune of $18M

IN A surprise move, Andrew Forrest has struck a deal through his private investment vehicle The Metal Group, to invest nearly $A18 million in troubled gold producer Apex Minerals and its new management team to become its major shareholder.

Forrest backs Apex to tune of $18M Forrest backs Apex to tune of $18M Forrest backs Apex to tune of $18M Forrest backs Apex to tune of $18M Forrest backs Apex to tune of $18M

His private vehicle has issued an option package to acquire up to a 19.9% fully diluted interest in Apex at 30c per share for up to $17.