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Apollo Silver Closes Initial $25 Million Tranche of Private Placement Offering

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Apollo Silver (TSX.V:APGO, OTCQB:APGOF) closed the first tranche of its upsized non-brokered private placement, raising $25,134,145 from the issuance of 6,981,707 units at $3.60 per unit on Oct 22, 2025. The Upsized Offering totals $26,775,648, with a final tranche of 455,973 units for $1,641,503 expected to close soon.

Each unit includes one share and one warrant exercisable at $5.50 for 24 months, with an acceleration provision if the share price trades at $7.50 for 10 consecutive trading days. Finder’s fees of $826,549 were paid and insiders subscribed for 405,557 units (gross $1,460,005.20). Proceeds will fund the Calico silver project, Cinco de Mayo community initiatives, property maintenance, and general corporate purposes; the offering remains subject to TSXV final approval and securities hold periods.

Apollo Silver (TSX.V:APGO, OTCQB:APGOF) ha chiuso la prima tranche della sua offerta privata non brokerata aumentata, raccogliendo $25,134,145 dall’emissione di 6,981,707 unità a $3.60 per unità il 22 ottobre 2025. L’Offerata Incrementata ammonta a $26,775,648, con una tranche finale di 455,973 unità per $1,641,503 che ci si aspetta chiuda a breve.

Ogni unità include una azione e una warrant exercisable a $5.50 per 24 mesi, con una clausola di accelerazione se il prezzo dell’azione viene negoziato a $7.50 per 10 giorni di negoziazione consecutivi. Le commissioni di ricerca di $826,549 sono state pagate e gli insider hanno sottoscritto 405,557 unità (lordo $1,460,005.20). I proventi serviranno a finanziare il progetto di piombo di Calico, le iniziative della comunità Cinco de Mayo, la manutenzione della proprietà e scopi aziendali generali; l’offerta resta soggetta all’approvazione finale della TSXV e ai periodi di hold.

Apollo Silver (TSX.V:APGO, OTCQB:APGOF) cerró la primera tranche de su colocación privada no intermediada aumentada, recaudando $25,134,145 con la emisión de 6,981,707 unidades a $3.60 por unidad el 22 de octubre de 2025. La Oferta Incrementada totaliza $26,775,648, con una tranche final de 455,973 unidades por $1,641,503 que se espera cierre pronto.

Cada unidad incluye una acción y una warrant con derecho a comprar a $5.50 durante 24 meses, con una cláusula de aceleración si el precio de la acción cotiza a $7.50 durante 10 días de negociación consecutivos. Las comisiones de búsqueda de $826,549 fueron pagadas y los insiders suscribieron 405,557 unidades (bruto $1,460,005.20). Los fondos se destinarán al proyecto de plata Calico, a las iniciativas comunitarias de Cinco de Mayo, al mantenimiento de la propiedad y a fines corporativos generales; la oferta queda sujeta a la aprobación final de TSXV y a los periodos de retención de valores.

Apollo Silver (TSX.V:APGO, OTCQB:APGOF)는 비브로커의 비공개 배정의 증액된 1차 구정을 마감했고, 2025년 10월 22일 단위당 $3.606,981,707단위를 발행하여 $25,134,145를 모았다. 증액된 공모 총액은 $26,775,648이며, 곧 마감될 것으로 예상되는 455,973단위의 최종 증액이 $1,641,503이다.

각 단위에는 주식 한 주와 $5.50에 행사가 가능한 워런트가 포함되며, 24개월 동안 행사 가능하고 주가가 연속적으로 10거래일간 $7.50에 거래될 경우 가속 조항이 적용된다. Finder's 수수료로 $826,549가 지불되었고 내부자들이 405,557단위를 구독했다(총 수익 1,460,005.20달러). 조달금은 Calico 은 실버 프로젝트, Cinco de Mayo 커뮤니티 이니셔티브, 재산 관리 및 일반 기업 목적에 사용될 예정이며, 공모는 TSXV의 최종 승인 및 증권 보유 기간에 따라 달라진다.

Apollo Silver (TSX.V:APGO, OTCQB:APGOF) a clôturé la première tranche de son placement privé non intervenu sursouscrit et a levé $25 134 145 grâce à l’émission de 6 981 707 unités à $3,60 par unité le 22 octobre 2025. L’offre majorée totalise $26 775 648, avec une tranche finale de 455 973 unités pour $1 641 503 attendue pour clôture prochaine.

Chaque unité comprend une action et un warrant exercisable à $5,50 pendant 24 mois, avec une clause d’accélération si le cours de l’action cote à $7,50 pendant 10 jours de bourse consécutifs. Des frais de recherche de $826 549 ont été versés et les initiés ont souscrit à 405 557 unités (brut 1 460 005,20 $). Le produit sera utilisé pour financer le projet argent Calico, les initiatives communautaires Cinco de Mayo, l’entretien de la propriété et des usages généraux de la société; l’offre reste soumise à l’approbation finale de la TSXV et aux périodes de retenue des titres.

Apollo Silver (TSX.V:APGO, OTCQB:APGOF) hat die erste Tranche seiner vergrößerten privaten Platzierung ohne Broker abgeschlossen und $25,134,145 aus der Ausgabe von 6,981,707 Einheiten zu $3,60 pro Einheit am 22. Oktober 2025 erzielt. Die aufgestockte Platzierung beläuft sich insgesamt auf $26,775,648, mit einer abschließenden Tranche von 455,973 Einheiten für $1,641,503, die voraussichtlich bald abgeschlossen wird.

Jede Einheit enthält eine Aktie und einen warrant, der ausübbar ist zu $5,50 für 24 Monate, mit einer Beschleunigungsregelung, falls der Aktienkurs an 10 aufeinanderfolgenden Handelstagen bei $7,50 liegt. Finder’s Fees von $826,549 wurden gezahlt und Insidern wurden 405,557 Einheiten angeboten (brutto $1,460,005.20). Die Mittel dienen der Finanzierung des Calico-Silberprojekts, Gemeindeinitiativen zum Cinco de Mayo, Grundstückspflege und allgemeinen Unternehmenszwecken; das Angebot unterliegt weiterhin der endgültigen Genehmigung der TSXV sowie Haltedauern.

Apollo Silver (TSX.V:APGO, OTCQB:APGOF) أغلق الجولة الأولى من وضعه الخاص غير الوسيط الموسع، حيث جمّع $25,134,145 من إصدار 6,981,707 وحدات بسعر $3.60 للوحدة في 22 أكتوبر 2025. إجمالي العرض الموسّع يصل إلى $26,775,648، مع جولة أخيرة من 455,973 وحدة بسعر $1,641,503 من المتوقع أن تغلق قريباً.

كل وحدة تتضمن سهماً واحداً وونت واحداً قابلاً لممارسة الاختيار بسعر $5.50 لمدة 24 شهراً، مع شرط تسريع إذا تم التداول بسعر السهم عند $7.50 لمدة 10 أيام تداول متتالية. تم دفع عمولات مكتشِف قدرها $826,549 وشارك المطلعون في اقتناء 405,557 وحدة (إجمالي 1,460,005.20 دولار). ستوجه العائدات لتمويل مشروع Calico للفضة، ومبادرات مجتمع Cinco de Mayo، وصيانة الممتلكات، والأغراض العامة للشركة؛ العرض يظل خاضعاً لموافقة TSXV النهائية وفترات حظر الأوراق المالية.

Apollo Silver (TSX.V:APGO, OTCQB:APGOF) 关闭了其扩大后的非经纪私募的第一阶段,筹集了$25,134,145,发行了6,981,707 股单位,每单位价格为 $3.60,日期为 2025 年 10 月 22 日。扩增发行总额为 $26,775,648,最后一阶段将发行 455,973 股单位,金额为 $1,641,503,预计很快完成。

每单位包含一股股票和一个可在 24 个月内按 $5.50 行使的认股权证,若股价在 10 个连续交易日内达到 $7.50,则有加速条款。已支付 $826,549 的寻租费用,内部人士认购了 405,557 单位(毛额 $1,460,005.20)。募集资金将用于 Calico 白银项目、Cinco de Mayo 社区倡议、物业维护和公司一般用途;本次发行仍须经 TSXV 最终批准以及证券锁定期的规定。

Positive
  • Gross proceeds of $25,134,145 from tranche one
  • Total upsized offering equals $26,775,648
  • Issued 6,981,707 units at $3.60 per unit
  • Warrants exercisable at $5.50 for 24 months
  • Insiders purchased 405,557 units totaling $1,460,005.20
Negative
  • Potential shareholder dilution from 6,981,707 units plus warrants
  • Finder’s fees totaled $826,549, reducing net proceeds
  • Securities subject to a four-month hold period
  • Offering remains subject to TSXV final approval

VANCOUVER, British Columbia, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce the Company has closed the first tranche, representing the majority of its previously announced upsized non-brokered private placement (the “Upsized Offering”), raising gross proceeds of $25,134,145 through the issuance of 6,981,707 units (the “Units”) of the Company at a price of $3.60 per Unit. The Upsized Offering totals $26,775,648, with the final tranche of 455,973 Units for gross proceeds of $1,641,503 expected to close in the coming days.

Each Unit issued pursuant to the Upsized Offering consists of one common share (a “Share”) in the capital of the Company and one common Share purchase warrant (a “Warrant”). Each Warrant entitles the holder thereof to purchase one Share at an exercise price of $5.50 for 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision, such that if at any time after the date that is four months and one day after the closing, the Company’s Shares trade on the TSX Venture Exchange (the “TSXV”) at a closing price of $7.50 or greater per Share for a period of ten (10) consecutive trading days, the Company may accelerate the expiry of the Warrants by giving notice to the holders thereof and, in such case, the Warrant will expire on the thirtieth (30th) day after the date of such notice (the “Acceleration Provision”)

In connection with subscriptions received in the first tranche of the Upsized Offering, the Company will pay aggregate finder’s fees totaling $826,549, payable in cash and/or Units to BMO Capital Markets, Canaccord Genuity, Red Cloud Securities Inc., Research Capital Corporation and SCP Resource Finance.

The securities issued under the Upsized Offering are subject to a four-month hold period from the date of closing. The Company intends to use the net proceeds from the Upsized Offering to continue advancing the Calico Silver Project in San Bernardino, California; support community relations initiatives at the Cinco de Mayo Silver Project in Chihuahua, Mexico; cover ongoing property maintenance costs at both projects; and for general corporate purposes. The Upsized Offering remains subject to the final approval of the TSXV.

The Offering included participation by certain insiders of the Company for an aggregate of 405,557 units totaling gross proceeds of $1,460,005.20. Such participation constitutes a “related party transaction” under Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions (“MI 61-101”). The issuance of securities to insiders is exempt from the valuation requirement pursuant to section 5.5(b) of MI 61-101, as the Company’s shares are not listed on a specified market, and from the minority shareholder approval requirement pursuant to section 5.7(a) of MI 61-101, as the fair market value of the securities issued to related parties does not exceed twenty five percent of the Company’s market capitalization.

The Shares have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. state securities laws, and may not be offered or sold in the United States without registration under the U.S. Securities Act and all applicable state securities laws or compliance with the requirements of an applicable exemption therefrom. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.

About Apollo Silver Corp.

Apollo is advancing one of the largest undeveloped primary silver projects in the US. The Calico project hosts a large, bulk minable silver deposit with significant barite and zinc credits – recognized as critical minerals essential to the US energy and medical sectors. The Company also holds an option on the Cinco de Mayo Project in Chihuahua, Mexico, which is host to a major carbonate replacement (CRD) deposit that is both high-grade and large tonnage. Led by an experienced and award-winning management team, Apollo is well positioned to advance the assets and deliver value through exploration and development.

Please visit www.apollosilver.com for further information.

ON BEHALF OF THE BOARD OF DIRECTORS

Ross McElroy
President and CEO

For further information, please contact:

Email: info@apollosilver.com

Telephone: +1 (604) 428-6128

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Cautionary Statement Regarding “Forward-Looking” Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities legislation. All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expected timing for completion of the remaining balance of the Upsized Offering; and the intended use of proceeds from the Upsized Offering. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the management of the Company made in light of its experience and its perception of trends, current conditions and expected developments, as well as other factors that management of the Company believes to be relevant and reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on reasonable assumptions that have been made by the Company as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information, including but not limited to: risks associated with mineral exploration and development; metal and mineral prices; availability of capital; accuracy of the Company’s projections and estimates; realization of mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling equipment and access; actual results of current exploration activities; government regulation; political or economic developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in connection with development activities; personnel relations; and changes in Project parameters as plans continue to be refined. Forward-looking statements are based on assumptions management believes to be reasonable, including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified personnel, equipment and services in a timely and cost-efficient manner; the ability to operate in a safe, efficient and effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and factors as set out herein. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward looking information contained herein, except in accordance with applicable securities laws. The forward-looking information contained herein is presented for the purpose of assisting investors in understanding the Company’s expected financial and operational performance and the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake to update any forward-looking information, except in accordance with applicable securities laws.


FAQ

How much did Apollo Silver (APGOD) raise in the first tranche of the private placement on Oct 22, 2025?

Apollo Silver raised $25,134,145 from the first tranche, issued as 6,981,707 units at $3.60 per unit.

What are the terms of the warrants included in the Apollo Silver (APGOD) units?

Each warrant is exercisable for one share at $5.50 for 24 months and can be accelerated if shares trade ≥ $7.50 for 10 consecutive trading days.

What is the total size of Apollo Silver's upsized private placement and remaining tranche amount?

The upsized offering totals $26,775,648; a final tranche of 455,973 units for $1,641,503 is expected to close shortly.

How will Apollo Silver (APGOD) use the net proceeds from the offering?

Proceeds will fund advancement of the Calico Silver Project, community relations at Cinco de Mayo, property maintenance, and general corporate purposes.

Did insiders participate in Apollo Silver's private placement and how much did they invest?

Yes. Insiders subscribed for 405,557 units, totaling $1,460,005.20 in gross proceeds.

Are there any restrictions or approvals affecting Apollo Silver's (APGOD) offering?

Yes. Securities are subject to a four-month hold and the offering remains subject to TSXV final approval.
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