Apolo Gold & Energy Inc. (OTCPK:APLL) seeks financing. Apolo Gold & Energy said it has completed a private placement for 5 million restricted shares at a price of $0.20 per share for total consideration of $1 million. Apolo Gold & Energy plans to use the funds toward acquisitions and general company purposes.

Apolo Gold & Energy is considering several more rounds of private placements under similar terms over the short term for additional acquisitions.