Apollo Gold has assembled a team that is exploring for world class gold deposits in tier-one jurisdictions. Positioned for a prolonged gold cycle, the Company’s initial 5,329-hectare project lies in the heart of the Republic of Chile’s prolific El Indio Gold Belt surrounded by some of the largest gold companies/mines in the world.
The Company has also announced a letter of intent to enter into an option to acquire 5,240 hectares in the state of Jalisco, Mexico in a district with a history of gold and silver mining and with a number of deposits nearby.
Apollo’s team offers global resource sector experience focused on exploration and development with a track-record in advancing projects and creating shareholder value including at Prime Mining, M2 Cobalt and Millenial Lithium.
CAPITAL STRUCTURE AS OF 20 MAY 2020
|TSX.V – SYMBOL:||APGO|
|SHARE PRICE (June 26, 2020)||$0.74|
|WARRANTS:||12,000,[email protected] $0.25|
|4,336,[email protected] $0.50|
|OPTIONS:||2,500,[email protected] $0.33|
|MARKET CAPITALIZATION:||$31.7 MILLION|
|PRIVATE PLACEMENT OF 10M UNITS @ $0.50||$4.6 MILLION (after fees)|
|EST. CASH ON HAND (May 31, 2020)||$2.2 MILLION|
|EST. CASH POST FINANCING||$6.8 MILLION|
|USE OF PROCEEDS: INITIAL WORK PROGRAMS||UP TO $3 MILLION|
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