Oct. 3 at 11:10 AM
$APGOF Apollo Silver to offer up to 50M shares at 20c in private placement
Apollo Silver announced a non-brokered private placement offering of up to 50,000,000 shares of the Company at a price of
$0.20 per Share, for aggregate gross proceeds of up to
$10,000,000. All securities issued in connection with the Offering will be subject to a four-month hold period from the date of closing. Finder's fees may be payable on any or all of the funds in accordance with the policies of the TSX Venture Exchange.
The Company intends on using the net proceeds from the Offering to continue advancing the Calico Silver Project in San Bernardino, California, to invest in community relations initiatives at its newly optioned Cinco de Mayo Silver Project in Chihuahua, Mexico for ongoing property maintenance costs at both projects, and for general corporate purposes. Closing of the Offering is subject to regulatory approval including that of the TSX-V.
