Apollo Silver Successfully Completes Private Placement Funding

Apollo Silver Completes Significant Private Placement

Apollo Silver Corp. (TSXV:APGO, OTCQB:APGOF) has recently announced a successful closing of its final tranche within its private placement funding. This significant achievement has resulted in the company accumulating a total of approximately $26.78 million to support its ongoing projects.

Overview of the Private Placement

The private placement offering, referred to as the "Upsized Offering", involved the issuance of 7,437,680 units at a price of $3.60 for each unit. This raised gross proceeds of $26,775,648 overall, enabling Apollo Silver to finance substantial developmental goals and key project advancements.

Details of the Offering

Each unit consists of a common share and one purchase warrant. The warrant allows the holder to buy an additional share at a price of $5.50, valid for two years from the closing date. Should the company’s shares trade at a closing price of $7.50 or greater for ten consecutive days, Apollo Silver holds the option to expedite the expiry of the warrants, providing strategic flexibility to manage investor engagements effectively.

Investor Participation and Support

Apollo Silver would like to express its gratitude toward both existing and new investors, including reputable entities that participated in this financing. This reflects a significant endorsement of the company’s vision to enhance its key assets, promising progress in development efforts.

Future Plans and Project Developments

These funds are strategically allocated toward advancing the company’s prominent Calico Silver Project, which is recognized as one of the largest undeveloped silver projects in the United States. Apollo Silver also aims to enhance community relations at the Cinco de Mayo Project in Mexico, illustrating a commitment to sustainable practices and community engagement.

Use of Proceeds

The net proceeds are earmarked for various initiatives, including continuing the development of the Calico Silver Project and supporting ongoing property maintenance costs. Moreover, they intend to cover general corporate purposes, positioning the company for sustainable growth.

Participation by Insiders

Insider participation represented a meaningful portion of the offering, with insiders accounting for 405,557 units, which generated total gross proceeds of $1,460,005. This participation is crucial, illustrating strong internal belief in the company's direction and plans.

About Apollo Silver Corp.

Apollo Silver is making notable advances with its projects. The Calico Silver Project hosts a bulk minable silver deposit, complemented by critical minerals that are vital to energy and medical sectors within the U.S. Furthermore, the Cinco de Mayo Project presents high-grade potential with significant tonnage, promising to enhance the company's portfolios effectively.

Contact Information

For additional inquiries, please direct your questions through email at info@apollosilver.com or call +1 (604) 428-6128.

Frequently Asked Questions

What was the total amount raised in the private placement?

Apollo Silver successfully raised approximately $26.78 million through its private placement.

What does each unit in the offering include?

Each unit includes one common share and a share purchase warrant for future purchases.

How will the proceeds be utilized?

The proceeds will advance the Calico Silver Project and support community relations at the Cinco de Mayo Project.

Who participated in the private placement?

The offering received support from both existing and new investors, highlighting strong confidence in the company's strategy.

How does this funding impact Apollo Silver's projects?

This funding significantly enhances Apollo Silver's capacity to develop its key projects successfully and sustainably.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors to seasoned pros looking for fresh perspectives. My goal is to make corporate analysis and finance understandable and interesting so you may confidently negotiate the intricacies of the financial world. I appreciate you traveling with me toward success and financial literacy.

Contact Kelly Martin privately here. Or send an email with ATTN: Kelly Martin as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.