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Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) has announced a further increase in its non-brokered private placement due to significant interest. The company will now offer up to 67,500,000 common shares at a price of $0.20 per share, aiming to raise aggregate gross proceeds of up to $13,500,000. The net proceeds will be used to advance the Calico Silver Project in California, invest in community relations at the newly optioned Cinco de Mayo Silver Project in Mexico, cover ongoing property maintenance costs, and for general corporate purposes. The offering is subject to TSX Venture Exchange approval, and all securities issued will have a four-month hold period from the closing date.
Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) ha annunciato un ulteriore aumento del suo collocamento privato non intermediazione a causa di un interesse significativo. L’azienda offrirà ora fino a 67.500.000 azioni ordinarie a un prezzo di 0,20 $ per azione, con l’obiettivo di raccogliere proventi lordi complessivi fino a 13.500.000 $. I proventi netti saranno utilizzati per far progredire il Calico Silver Project in California, investire nelle relazioni con la comunità nel nuovo Cinco de Mayo Silver Project in Messico, coprire i costi di manutenzione delle proprietà in corso e per scopi generali aziendali. L’offerta è soggetta ad approvazione del TSX Venture Exchange, e tutti i titoli emessi avranno un periodo di blocco di quattro mesi dalla data di chiusura.
Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) ha anunciado un aumento adicional en su colocación privada no intermediada debido a un interés significativo. La compañía ofrecerá ahora hasta 67,500,000 acciones comunes a un precio de $0.20 por acción, con el objetivo de recaudar ingresos brutos agregados de hasta $13,500,000. Los ingresos netos se utilizarán para avanzar en el Calico Silver Project en California, invertir en relaciones comunitarias en el recién adjudicado Cinco de Mayo Silver Project en México, cubrir costos de mantenimiento de propiedades en curso y para propósitos corporativos generales. La oferta está sujeta a la aprobación del TSX Venture Exchange, y todos los valores emitidos tendrán un período de retención de cuatro meses a partir de la fecha de cierre.
아폴로 실버 주식회사 (TSX.V:APGO, OTCQB:APGOF)가 막대한 관심으로 비중개 사모 배급을 추가로 늘리겠다고 발표했습니다. 이제 회사는 67,500,000주의 보통주를 주당 0.20달러의 가격으로 제공하여 총 13,500,000달러의 수익을 목표로 하고 있습니다. 순수익은 캘리포니아의 캘리코 실버 프로젝트를 발전시키고, 멕시코의 새로 확보한 Cinco de Mayo 실버 프로젝트에서 커뮤니티 관계에 투자하고, 지속적인 부동산 유지 보수 비용을 충당하며, 일반 기업 용도로 사용될 것입니다. 이 제안은 TSX Venture Exchange 승인을 받아야 하며, 발행된 모든 증권은 종료일로부터 4개월의 보유 기간이 있습니다.
Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) a annoncé une nouvelle augmentation de son placement privé sans courtier en raison d’un intérêt significatif. La société proposera désormais jusqu’à 67 500 000 actions ordinaires à un prix de 0,20 $ par action, visant à lever des recettes brutes totales allant jusqu’à 13 500 000 $. Les produits nets seront utilisés pour faire avancer le Calico Silver Project en Californie, investir dans les relations communautaires au nouveau Cinco de Mayo Silver Project au Mexique, couvrir les coûts d’entretien des biens en cours et pour des fins corporatives générales. L’offre est soumise à l’approbation de la TSX Venture Exchange, et tous les titres émis auront une période de blocage de quatre mois à compter de la date de clôture.
Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF) hat aufgrund des erheblichen Interesses eine weitere Erhöhung ihrer nicht vermittelten Privatplatzierung bekannt gegeben. Das Unternehmen wird nun bis zu 67.500.000 Stammaktien zu einem Preis von 0,20 $ pro Aktie anbieten, mit dem Ziel, Gesamterträge von bis zu 13.500.000 $ zu erzielen. Die Nettoprovenienzen werden verwendet, um das Calico Silver Project in Kalifornien voranzutreiben, in die Beziehungen zur Gemeinschaft im neu erworbenen Cinco de Mayo Silver Project in Mexiko zu investieren, laufende Immobilieninstandhaltungskosten zu decken und für allgemeine Unternehmenszwecke. Das Angebot unterliegt der Genehmigung der TSX Venture Exchange, und alle ausgegebenen Wertpapiere haben einen viermonatigen Halt Zeitraum ab dem Abschlussdatum.
Positive
- Increased private placement size due to significant investor interest
- Potential to raise up to $13,500,000 in gross proceeds
- Funds allocated for advancing key silver projects in California and Mexico
- Investment in community relations initiatives for the Cinco de Mayo project
Negative
- Potential dilution of existing shareholders due to the issuance of up to 67,500,000 new common shares
- Offering subject to TSX Venture Exchange approval, which may delay or affect the closing
VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) — Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that due to significant interest, the Company has elected to further increase the size of its non-brokered private placement and will now offer up to 67,500,000 common shares of the Company (the “Shares”) at a price of $0.20 per Share, for aggregate gross proceeds of up to $13,500,000 (the “Offering”).
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 a portion of the funds in accordance with the policies of the TSX Venture Exchange (the “TSX-V”). 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 (see news release dated September 23, 2024), for ongoing property maintenance costs at both projects, and for general corporate purposes.
The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Closing of the Offering remains subject to approval of the TSX Venture Exchange.
About Apollo Silver
Apollo Silver Corp. has assembled an experienced and technically strong leadership team who have joined to advance world class precious metals projects in tier-one jurisdictions. The Company is focused on advancing its portfolio of two significant silver exploration and resource development projects, the Calico Project, in San Bernardino County, California and the Cinco de Mayo Project, in Chihuahua, Mexico.
Please visit www.apollosilver.com for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Andrew Bowering
Chairman and Interim Chief Executive Officer
For further information, please contact:
Andrew Bowering
Chairman and Interim Chief Executive Officer
Telephone: +1 (604) 428-6128
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the intended use of proceeds from the Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
FAQ
What is the new size of Apollo Silver’s (APGOF) private placement offering?
Apollo Silver has increased its non-brokered private placement to offer up to 67,500,000 common shares at $0.20 per share, for potential gross proceeds of up to $13,500,000.
How will Apollo Silver (APGOF) use the proceeds from the private placement?
The net proceeds will be used to advance the Calico Silver Project in California, invest in community relations for the Cinco de Mayo Silver Project in Mexico, cover ongoing property maintenance costs, and for general corporate purposes.
What is the hold period for securities issued in Apollo Silver’s (APGOF) private placement?
All securities issued in connection with the offering will be subject to a four-month hold period from the date of closing.
Is Apollo Silver’s (APGOF) private placement offering available to U.S. investors?
The shares have not been registered under the U.S. Securities Act and may not be offered or sold in the United States without registration or compliance with applicable exemption requirements.
