Sunday, June 1, 2025

Latest

Apollo Gold & Silver Announces $40 Million Financing

Apollo Gold & Silver Corp. (TSXV: APGO) announced today that they will be conducting a private placement for minimum aggregate proceeds of $40.05 million. The financing is in connection with its acquisition of Stronghold Silver.

Under the terms of the financing, subscription receipts are to be sold at a price of $0.75 per receipt. Each receipt shall be automatically exchanged for one unit of the company. Each unit consists of one common share of the company and one-half of one common share purchase warrant. Warrants are valid for a period of two years and contain an exercise price of $1.25 per share.

A 15% over-allotment option has also been granted.

Proceeds from the financing are to be used to acquire the Waterloo Project from Pan American Minerals following the acquisition of Stronghold. Funds are also to be used for working capital and general corporate purposes.

The concurrent financing is set to close on or about June 25, 2021.

Apollo Gold & Silver Corp. last traded at C$0.70 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Leave a Reply

Video Articles

Alamos Gold Q1 Earnings: The Inside Scoop

Cerrado Gold Q4 Earnings: The Turnaround is Working

B2GOLD Q1 Earnings: Revenue Up, Production & Cash Flow Decline

Recommended

Canadian Copper: The $172M Combined Strategy PEA

ESGold Begins Concentration Tests Ahead Of First Production

Related News

Zacatecas Silver To Commence Trading This Morning

Zacatecas Silver (TSXV: ZAC) is set to commence trading this morning on the TSX Venture....

Tuesday, March 2, 2021, 08:47:43 AM

Aya Gold & Silver Drills 6,437 g/t Silver Over 6.5 Meters

Aya Gold & Silver Inc. (TSX: AYA) today released assay results from the company’s 2021...

Tuesday, June 8, 2021, 08:06:48 AM

Max Resource Reveals Results of Structural Interpretation At AM North Cesar Project

Max Resource Corp (TSXV: MXR) this morning revealed results of a structural interpretation at its...

Tuesday, June 9, 2020, 09:01:04 AM

GoGold Hits 17.2 Metres of 186 G/T Silver Equivalent At Los Ricos North

GoGold Resources (TSX: GGD) released additional assay results from its ongoing drill program at the...

Wednesday, November 4, 2020, 08:02:38 AM

Vizsla Resources Reports 3,581 G/T Silver Equivalent Over 1.15 Metres At Panuco Project

Vizsla Resources (TSXV: VZLA) continues to find impressive grades of silver at its Panuco, Mexico...

Thursday, September 3, 2020, 08:16:20 AM