Apollo Silver Closes Second and Final Tranche of $27.5 Million Private Placement Offering, with a $12.5 Million Investment from Jupiter Asset Management

Core Viewpoint - Apollo Silver Corp. has successfully closed the second and final tranche of its upsized non-brokered private placement, raising a total of $27,500,000 to advance its silver projects [1][6]. Group 1: Offering Details - The second tranche involved the issuance of 2,500,000 units at a price of $5.00 per unit, resulting in gross proceeds of $12,500,000 [1]. - The total gross proceeds from the entire offering amount to $27,500,000, indicating strong investor interest [1]. - The Jupiter Fund managed by Jupiter Asset Management subscribed for all units in the second tranche [2]. Group 2: Shareholder Information - Following the offering, the Jupiter Fund holds 7,452,456 common shares and 3,807,200 common share purchase warrants, representing approximately 11.9% of the company's outstanding shares on a non-diluted basis and about 16.9% on a partially diluted basis [3]. Group 3: Use of Proceeds - The net proceeds from the offering will be utilized 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 [6]. Group 4: Company Overview - Apollo Silver is focused on advancing one of the largest undeveloped primary silver projects in the U.S., with the Calico project hosting a significant silver deposit along with barite and zinc credits [8]. - The company also holds an option on the Cinco de Mayo Project, which features a high-grade carbonate replacement deposit [8].