Apollo Silver Expands Private Placement Amid Strong Demand
In a move reflecting robust investor interest, Apollo Silver Corp. has announced an upsized private placement as it seeks to enhance its financial resources. The company now plans to offer up to 60,000,000 common shares at a price of $0.20 per share, targeting total gross proceeds of up to $12,000,000.
Details of the Offering
Shares issued as part of this placement will carry a four-month hold period following the closing date. Additionally, finder’s fees may be awarded on part of the funds in accordance with the regulations set forth by the TSX Venture Exchange (TSX-V). This strategic approach highlights Apollo Silver's commitment to securing necessary financing to drive its growth initiatives further.
Funding Allocation
The capital raised through this offering is aimed at advancing the Calico Silver Project located in California and enhancing community relations efforts at the newly optioned Cinco de Mayo Silver Project in Mexico. Furthermore, funds will also cater to ongoing property maintenance for these sites and support broader corporate goals.
Regulatory Considerations
It is crucial to note that the shares offered are not registered under the United States Securities Act of 1933, and as such, cannot be sold or offered in the United States without appropriate registrations or qualifying exemptions. The closing of this offering is contingent on receiving the necessary approvals from the TSX Venture Exchange.
A Glimpse into Apollo Silver
Apollo Silver Corp. prides itself on its skilled leadership team, which plays a vital role in propelling the company's growth. With a focus on high-quality precious metal projects in premier jurisdictions, Apollo Silver is set on a path to developing its two significant silver exploration and resource development projects: the Calico Project in California and the Cinco de Mayo Project in Mexico.
Sustained Commitment to Development
Continuing its performance trajectory, Apollo Silver aims to ensure the successful advancement of its projects while maintaining strong relations with local communities. This aligns with the company's vision of fostering sustainable exploration and development practices in their operational regions.
Contact Information
If you require more information about the company's initiatives or this offering, please contact Andrew Bowering, the Chairman and Interim Chief Executive Officer, directly at +1 (604) 428-6128.
Frequently Asked Questions
What is the purpose of Apollo Silver's private placement?
The purpose is to raise funds to advance its Calico and Cinco de Mayo projects and support community relations and property maintenance initiatives.
How many shares will be offered in the private placement?
Apollo Silver plans to offer up to 60,000,000 common shares in the private placement.
What is the price per share for the offering?
The offering price is set at $0.20 per share.
Will the shares be available to U.S. investors?
No, the shares have not been registered under U.S. securities laws and cannot be sold to U.S. investors without proper registration or exemptions.
Who can I contact for more information about Apollo Silver?
Interested parties can reach out to Andrew Bowering, the Chairman and Interim CEO, at +1 (604) 428-6128 for further information.
