Apollo Silver Corp. Upsizes Private Placement to $26.8M for Silver Project Advancement
Apollo Silver Corp., a prominent player in the silver mining sector, is expanding its non-brokered private placement offering. The company aims to raise up to $26,775,648 through the sale of 7,437,680 Units at $3.60 per Unit. Each Unit comprises one common share and one common share purchase warrant, exercisable at $5.50 for 24 months. The proceeds will fund the advancement of the Calico Silver Project, community relations initiatives at the Cinco de Mayo Silver Project, property maintenance costs, and general corporate purposes.
Apollo Silver Corp. is advancing the Calico project, one of the largest undeveloped primary silver projects in the US. This project hosts a substantial, bulk minable silver deposit with significant barite credits. The company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which boasts a high-grade, large tonnage carbonate replacement (CRD) deposit. The company is led by an experienced and award-winning management team, and its website can be found at www.apollosilver.com.
The Upsized Offering is a related party transaction exempt from formal valuation and minority shareholder approval requirements. Insiders of the Company will participate in this offering. 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 applicable exemptions. The offering is subject to final regulatory approval, including that of the TSXV.
Apollo Silver Corp. is increasing its non-brokered private placement offering to fund the advancement of its silver projects and other corporate purposes. The company's experienced management team is leading the charge, with the Calico and Cinco de Mayo projects showing significant potential. The offering is subject to final regulatory approval.
Read also:
- U.S. CBP's Operation Plaza Spike Boosts Fentanyl Seizures Along Arizona-Mexico Border
- Regensburg Court Sentences Pizza Delivery Owner for Illegal Employment, Tax Evasion
- Tesla's EV Market Share Plummets in Europe, US Competition Intensifies
- Catastrophe at a U.S. Steel facility in Pennsylvania results in the loss of two lives. crucial details unveiled
