Apollo Silver Announces $2.5 Million Upsize to Previously Announced Financing to Allow for Insider Participation

Core Viewpoint - Apollo Silver Corp. has increased its non-brokered private placement by an additional $2,500,000, bringing total gross proceeds to up to $27,500,000 through the issuance of up to 5,500,000 units at a price of $5.00 per unit [1][2] Group 1: Upsized Offering Details - The Upsized Offering will be primarily subscribed by insiders, including major shareholders Eric Sprott and the Jupiter Fund, each participating with 2,500,000 units for a combined total of $25,000,000 [2] - Each unit consists of one common share and one common share purchase warrant, with each warrant allowing the purchase of one share at an exercise price of $7.00 for 24 months from the closing date [3] - The net proceeds from the Upsized Offering will be used for exploration and development activities, as well as general working capital and corporate purposes [4] Group 2: Regulatory and Compliance Information - The closing of the Upsized Offering is subject to regulatory approval from the TSX Venture Exchange [5] - The participation of insiders constitutes a "related party transaction" under Multilateral Instrument 61-101, exempting it from certain valuation and minority shareholder approval requirements [6] Group 3: Company Overview - Apollo Silver 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 [8] - The company also holds an option on the Cinco de Mayo Project in Mexico, which features a major high-grade carbonate replacement deposit [8]