Apollo Silver Corp. announced a non-brokered private placement offering of up to 5,800,000 units at a price of CAD 3.60 per Unit, for aggregate gross proceeds of up to CAD 20,880,000 on October 1, 2025. Each Unit issued pursuant to the Offering will consist of one common share in the capital of the Company and one common Share purchase warrant.
Each Warrant entitles the holder thereof to purchase one Share at an exercise price of CAD 5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company?s Shares trade on the TSX Venture Exchange at a closing price of CAD 7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice. All securities issued in connection with the Offering will be subject to a four-month hold period from the date of closing.
Finder?s fees may be payable on some or all of the funds raised, in accordance with the policies of the TSXV.
