Share
(www.investorideas.com
Newswire) – Investorideas.com reports breaking silver stock news
for Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) .
Apollo Silver Corp. (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has
closed the second and final tranche of its previously announced
upsized non-brokered private placement (the “Offering”),
previously announced on January 21, 2026. Pursuant to the closing of
the second and final tranche of the Offering, the Company issued an
aggregate of 2,500,000 units (the “Units”) at a price of
$5.00 per Unit for aggregate gross proceeds of $12,500,000. With the
completion of this tranche, the Offering is now fully subscribed for
total gross proceeds of $27,500,000.
A fund managed by Jupiter Asset Management (the “Jupiter
Fund”) subscribed for all of the Units under the second and
final tranche of the Offering.
As a result of closing the second and final tranche of the Offering,
the Jupiter Fund now beneficially owns and controls 7,452,456 common
shares and 3,807,200 common share purchase warrants of the Company,
representing approximately 11.9% of the Company’s outstanding
common shares on a non-diluted basis and approximately 16.9% on a
partially diluted basis, assuming exercise of such warrants.
“We welcome and appreciate the continued participation of
Jupiter Fund, as a key shareholder of Apollo Silver,” said Ross
McElroy, President and CEO of Apollo Silver. “Jupiter
Fund’s commitment is a strong statement of support as we
continue to advance our large scale, high quality silver assets in
stable jurisdictions.”
Each Unit issued pursuant to the Offering consists of one common share
(a “Share”) in the capital of the Company and one common
Share purchase warrant (a “Warrant”). Each Warrant
entitles the holder thereof to purchase one Share at an exercise price
of $7.00 for a period of 24 months from the closing date of the
Offering.
Closing of the Offering remains subject to final acceptance of the TSX
Venture Exchange.
In connection with subscriptions received in the second and final
tranche of the Offering, the Company paid aggregate finder’s
fees totaling $312,500 to BMO Capital Markets.
The securities issued under the second and final tranche of the
Offering are subject to a four-month hold period from the date of
closing. The Company intends to use the net proceeds from the Offering
to continue advancing the Calico Silver Project in San Bernardino,
California; support community relations initiatives at the Cinco de
Mayo Silver Project in Chihuahua, Mexico; cover 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.
About Apollo Silver Corp.
Apollo Silver is advancing one of the largest undeveloped primary
silver projects in the US. The Calico project hosts a large, bulk
minable silver deposit with significant barite and zinc credits
– recognized as critical minerals essential to the US energy and
medical sectors. The Company also holds an option on the Cinco de Mayo
Project in Chihuahua, Mexico, which is host to a major carbonate
replacement (CRD) deposit that is both high-grade and large tonnage.
Led by an experienced and award-winning management team, Apollo Silver
is well positioned to advance the assets and deliver value through
exploration and development.
Please visit
www.apollosilver.com
for further information.
ON BEHALF OF THE BOARD OF DIRECTORS
Ross McElroy
President and CEO
For further information, please contact:
Email: info@apollosilver.com
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 final acceptance of the Offering by the TSXV, and 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.
Apollo Silver Corp. (TSX: APGO.V) (OTCQB:APGOF) (Frankfurt:6ZF0) is a
featured mining stock on Investorideas.com
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Episode featuring Andy Bowering, Chairman of Apollo Silver
Corp.: https://www.youtube.com/watch?v=YRNGJcKykJQ
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a
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