VANCOUVER, British Columbia, Oct. 04, 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 increase the size of its non-brokered private placement and will now offer up to 60,000,000 common shares of the Company (the "Shares") at a price of $0.20 per Share, for aggregate gross proceeds of up to $12,000,000 (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 ...
