Apollo Silver Expands Private Placement Offering
Apollo Silver Corp. (“Apollo Silver” or the “Company”) is excited to announce a significant boost in its non-brokered private placement, now offering up to 67,500,000 common shares. The shares will be offered at a price of $0.20 each, potentially raising gross proceeds of up to $13,500,000.
Details of the Offering
This expansion of the offering has been driven by substantial interest from investors, demonstrating confidence in Apollo Silver’s growth strategy. The funds raised through this offering will be instrumental for the Company, aiding in the advancement of its key projects in the silver sector.
Use of Proceeds
Apollo Silver intends to utilize the net proceeds from this offering to propel the Calico Silver Project in California and to support community relations initiatives at the recently optioned Cinco de Mayo Silver Project in Mexico. These developments are vital for sustaining long-term growth and enhancing shareholder value.
Regulatory Compliance
It is important to note that all securities resulting from this offering will be under a four-month hold period from the closing date. Apollo Silver remains committed to adhering to the regulatory standards set forth by the TSX Venture Exchange (the “TSX-V”), of which it is a part.
About Apollo Silver Corp.
Apollo Silver Corp. has built a robust and experienced leadership team dedicated to advancing precious metal projects in top-tier jurisdictions. The Company’s portfolio includes the prominent Calico Project in California and the Cinco de Mayo Project in Mexico, both positioned to leverage the growing demand for silver.
Strengthening Community Relations
By investing in community relations, Apollo Silver aims to foster strong ties with local stakeholders, ensuring sustainable development and collaboration within the regions of its operations. These initiatives play a crucial role in the Company’s overall strategy and commitment to responsible mining practices.
Market Outlook
The silver market presents promising opportunities, with increasing demand across various sectors, including technology and renewable energy. Apollo Silver is well-positioned to capitalize on these trends, making investments in its exploration activities and asset development meaningful for its future.
Contact Information
For further details, interested parties can contact Andrew Bowering, Chairman and Interim Chief Executive Officer, at +1 (604) 428-6128.
Frequently Asked Questions
What is the purpose of the private placement by Apollo Silver?
The private placement aims to raise funds for advancing the Calico Silver Project and enhancing community relations initiatives at the Cinco de Mayo Project.
How many shares are being offered in the private placement?
Apollo Silver is offering up to 67,500,000 common shares at a price of $0.20 per share.
What regulatory body oversees the private placement?
The offering is subject to approval by the TSX Venture Exchange.
Who leads Apollo Silver Corp.?
The Company is led by Andrew Bowering, who serves as the Chairman and Interim Chief Executive Officer.
Where can I find more information about Apollo Silver Corp.?
More information can be found on their website at www.apollosilver.com.
