Jan. 22 at 12:35 AM
$APGOF Posted on behalf of Apollo Silver Corp. – Today, Apollo Silver announced the closing of the first tranche of its upsized non-brokered private placement for gross proceeds of
$15.0 million: https://apollosilver.com/apollo-silver-closes-first-tranche-of-27-5-million-private-placement-offering-including-2-355-million-investment-from-insiders/
Notably, Eric Sprott was the cornerstone participant, subscribing for
$12.5 million, increasing his ownership to approximately 10.3% on a non-diluted basis and 15.8% on a partially diluted basis.
Additionally, company insiders participated, subscribing for a total of
$2.36 million, as well as a fund managed by Jupiter Asset Management which is expected to participate in a subsequent and final tranche, subject to regulatory approvals.