Apollo Silver Announces Upsize of Private Placement Offering

Core Viewpoint - Apollo Silver Corp. has announced an increase in its non-brokered private placement offering due to strong investor demand, now offering up to 7,437,680 units at a price of $3.60 per unit, aiming for gross proceeds of up to $26,775,648 [1][2] Offering Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of one share at an exercise price of $5.50 for 24 months from the closing date [2] - The warrants include an acceleration provision, allowing the company to expedite their expiry if the share price exceeds $7.50 for ten consecutive trading days [2] - All securities issued will be subject to a four-month hold period from the closing date, and finder’s fees may apply [2] Use of Proceeds - The net proceeds from the offering will be used to advance the Calico Silver Project in California, support community relations at the Cinco de Mayo Silver Project in Mexico, cover ongoing property maintenance costs, and for general corporate purposes [2] Insider Participation - The offering will include participation from certain insiders, qualifying as a related party transaction, exempt from formal valuation and minority shareholder approval requirements [4] Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the U.S., the Calico project, which has a significant silver deposit and barite credits [6] - The company also holds an option on the Cinco de Mayo Project in Mexico, known for its high-grade carbonate replacement deposit [6]