Apollo to Proceed with 5-for-1 Share Consolidation

Core Viewpoint - Apollo Silver Corp. is proceeding with a share consolidation, converting five pre-consolidation shares into one post-consolidation share, aimed at enhancing market conditions and investor interest [1][2]. Share Consolidation Details - The consolidation will reduce the number of issued and outstanding shares from 242,585,395 to approximately 48,517,079 [3]. - No fractional shares will be issued; any fractional shares will be rounded to the nearest whole number without cash compensation [4]. - A letter of transmittal will be sent to registered shareholders for exchanging share certificates, while those holding shares in brokerage accounts will have their holdings adjusted electronically [5]. Regulatory and Approval Aspects - The consolidation is subject to regulatory approval from the TSX Venture Exchange, and a subsequent news release will announce the effective date once approval is received [6]. Company Overview - Apollo Silver Corp. is advancing one of the largest undeveloped primary silver projects in the US, the Calico project, which has significant barite credits essential for the US energy and medical sectors [7]. - The company also holds an option on the Cinco de Mayo Project in Mexico, which features a high-grade carbonate replacement deposit [7].