Apollo Silver Expands Private Placement to Raise $12M

Apollo Gold (TSE:APGO) has released an update.

Apollo Silver Corp. recently announced an increase to its non-brokered private placement, now offering 60 million shares at $0.20 each to raise $12 million. This capital raise is earmarked for advancing their Calico Silver Project in California, furthering community relations in Mexico, and covering general corporate expenses. The offering, not available in the U.S., is subject to a four-month hold period and requires TSX Venture Exchange approval.

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