Apollo Silver Announces Upsize of Private Placement Offering

Executive Summary

• Apollo Silver Corp. upsized its previously announced private placement to up to 7,437,680 Units at $3.60 per Unit, targeting gross proceeds of ≈ $26.78 million.
• Each Unit contains one common share and one warrant (exercise price $5.50, 24‑month term) with an acceleration clause tied to the TSXV share price.
• Net proceeds will be used to advance the Calico Silver Project (CA, USA), support community relations at Cinco de Mayo Silver Project (Chihuahua, Mexico), cover ongoing property maintenance, and for general corporate purposes.

Key Details

• Offering Size & Price – Up to 7,437,680 Units @ $3.60 per Unit → Gross proceeds up to $26,775,648.
• Unit Composition – 1 common share + 1 common‑share purchase warrant per Unit.
• Warrant Terms – Exercise price $5.50; exercisable for 24 months from closing; acceleration provision if TSXV price ≥ $7.50 for ten consecutive trading days, after which the warrant expires 30 days post‑notice.
• Hold Period – All securities subject to a four‑month hold period from closing.
• Use of Proceeds –
• Advance exploration and development at Calico Silver Project (CA).
• Support community‑relations initiatives at Cinco de Mayo Project (Mexico).
• Cover ongoing property maintenance costs for both projects.
• General corporate purposes.
• Regulatory Conditions – Closing subject to final TSXV approval and other regulatory clearances.
• Insider Participation – Includes related‑party investors; exempt from MI 61‑101 valuation and minority‑shareholder approval thresholds (issuance ≤ 25 % of market cap).
• Finder’s Fees – May be payable in accordance with TSXV policies.
• U.S. Securities Law Disclaimer – Units not registered under the U.S. Securities Act; cannot be offered/sold in the U.S. absent registration or exemption.

Notable Quotes

“The strong demand from our existing shareholders underscores confidence in Apollo Silver’s growth trajectory, and the additional capital will enable us to accelerate development at Calico while supporting our community‑focused initiatives at Cinco de Mayo.” – Ross McElroy, President & CEO

Materiality Assessment: Material – Positive (significant new financing that materially enhances the company’s balance sheet and funding for key projects).