Dec. 30 at 11:20 PM
$APGOF Yesterday, Apollo Silver has upsized its previously announced non-brokered private placement to up to
$27.5M, with the increase primarily subscribed by insiders: https://apollosilver.com/apollo-silver-announces-2-5-million-upsize-to-previously-announced-financing-to-allow-for-insider-participation/
The company’s two largest shareholders, Eric Sprott and a fund managed by Jupiter Asset Management, will each invest
$12.5M, for combined proceeds of
$25M, resulting in post-financing ownership of approximately 9.5% and 12%, respectively, on an undiluted basis. Proceeds will be used to advance exploration and development across APGO's projects which offer leveraged exposure to large, high-quality silver and polymetallic systems, APGO's portfolio is anchored by two standout assets.