Apollo Silver Announces Correction to Warrant Terms of $25 Million Strategic Investment by Eric Sprott and Jupiter Asset Management

Core Viewpoint - Apollo Silver Corp. is conducting a non-brokered private placement offering of 5,000,000 units at a price of $5.00 per unit, aiming for total gross proceeds of $25,000,000, with each unit consisting of one common share and one full common share purchase warrant [1][2]. Group 1: Offering Details - The offering consists of 5,000,000 units priced at $5.00 each, totaling $25,000,000 in gross proceeds [1]. - Each unit includes one common share and one full common share purchase warrant, allowing the holder to purchase one share at an exercise price of $7.00 for 24 months from the closing date [1]. - All securities issued will be subject to a four-month hold period from the closing date [2]. Group 2: Use of Proceeds - The net proceeds from the offering will be utilized for exploration and development activities across the company's projects, as well as for general working capital and corporate purposes [2]. Group 3: Regulatory and Compliance - The closing of the offering is contingent upon regulatory approval, including that of the TSX Venture Exchange [3]. - The shares will not be registered under the U.S. Securities Act and cannot be offered or sold in the United States without proper registration or compliance with applicable exemptions [4]. Group 4: Company Overview - Apollo Silver is advancing one of the largest undeveloped primary silver projects in the U.S., specifically the Calico project, which has a significant bulk minable silver deposit with barite credits [5]. - The company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, known for its high-grade and large tonnage carbonate replacement deposit [5]. - Apollo Silver is led by an experienced management team, positioning the company to advance its assets and deliver value through exploration and development [5].