Apollo to Proceed with 5-for-1 Share Consolidation
Apollo Silver Corp. (OTCQB:APGOF) has announced its intention to proceed with a 5-for-1 share consolidation of its common shares. The consolidation will reduce the company's outstanding shares from 242,585,395 to approximately 48,517,079.
CEO Ross McElroy highlighted that this consolidation aims to enhance share marginability, increase blue-sky potential in US and foreign markets, attract sophisticated investors, and improve opportunities for index inclusion. No fractional shares will be issued, and shareholders' percentage ownership will remain largely unchanged, except for minimal adjustments due to fractional share elimination.
The consolidation, approved by the Board of Directors on October 2, 2024, awaits TSX Venture Exchange approval. Registered shareholders will receive instructions via mail for exchanging their shares, while those holding shares in brokerage accounts will have their holdings adjusted automatically.
Apollo Silver Corp. (OTCQB:APGOF) ha annunciato l'intenzione di procedere a un accorpamento azionario 5-per-1 delle sue azioni ordinarie. L'operazione ridurrà il numero di azioni in circolazione da 242.585.395 a circa 48.517.079.
Il CEO Ross McElroy ha sottolineato che l'accorpamento mira a migliorare la negoziabilità delle azioni, ad aumentare il potenziale di crescita (blue-sky) nei mercati statunitensi e stranieri, ad attrarre investitori più sofisticati e a favorire opportunità di inclusione negli indici. Non saranno emesse azioni frazionarie e la percentuale di partecipazione degli azionisti rimarrà sostanzialmente invariata, salvo lievi aggiustamenti dovuti all'eliminazione delle frazioni.
L'accorpamento, approvato dal Consiglio di Amministrazione il 2 ottobre 2024, è subordinato all'approvazione della TSX Venture Exchange. Gli azionisti registrati riceveranno istruzioni via posta per lo scambio delle azioni, mentre le posizioni detenute in conti di intermediazione verranno aggiornate automaticamente.
Apollo Silver Corp. (OTCQB:APGOF) ha anunciado su intención de llevar a cabo una consolidación de acciones 5 por 1 de sus acciones ordinarias. La consolidación reducirá el número de acciones en circulación de 242.585.395 a aproximadamente 48.517.079.
El CEO Ross McElroy señaló que esta consolidación pretende mejorar la negociabilidad de las acciones, aumentar el potencial de crecimiento (blue-sky) en mercados de EE. UU. y extranjeros, atraer a inversores más sofisticados y mejorar las oportunidades de inclusión en índices. No se emitirán fracciones de acciones y el porcentaje de propiedad de los accionistas permanecerá esencialmente sin cambios, salvo ajustes mínimos por la eliminación de fracciones.
La consolidación, aprobada por la Junta Directiva el 2 de octubre de 2024, está a la espera de la aprobación de la TSX Venture Exchange. Los accionistas registrados recibirán instrucciones por correo para el intercambio de sus acciones, mientras que quienes posean acciones en cuentas de corretaje verán sus posiciones ajustadas automáticamente.
Apollo Silver Corp. (OTCQB:APGOF)는 보통주에 대해 5대1 주식 병합을 진행할 계획이라고 발표했습니다. 이번 병합으로 유통 주식 수는 242,585,395주에서 약 48,517,079주로 감소합니다.
CEO 로스 맥엘로이는 이번 병합이 주식의 거래 가능성을 높이고, 미국 및 해외 시장에서의 블루스카이(성장 잠재력)를 증가시키며, 전문 투자자 유치와 지수 편입 기회 개선을 목표로 한다고 강조했습니다. 액면 미만(분수) 주식은 발행되지 않으며, 분수 주식 제거로 인한 소수의 조정을 제외하고 주주들의 지분 비율은 대부분 변동이 없습니다.
이 병합은 이사회에서 2024년 10월 2일에 승인되었으며 TSX 벤처 익스체인지의 승인을 기다리고 있습니다. 등록 주주는 우편으로 주식 교환 안내를 받게 되며, 증권사 계좌에 보유한 주식은 자동으로 조정됩니다.
Apollo Silver Corp. (OTCQB:APGOF) a annoncé son intention d'effectuer une consolidation d'actions 5 pour 1 de ses actions ordinaires. Cette opération réduira le nombre d'actions en circulation de 242 585 395 à environ 48 517 079.
Le PDG Ross McElroy a indiqué que cette consolidation vise à améliorer la négociabilité des actions, accroître le potentiel blue‑sky sur les marchés américains et étrangers, attirer des investisseurs plus expérimentés et renforcer les possibilités d'inclusion dans des indices. Aucune action fractionnaire ne sera émise et le pourcentage de détention des actionnaires restera essentiellement inchangé, sauf de légères modifications liées à la suppression des fractions.
La consolidation, approuvée par le conseil d'administration le 2 octobre 2024, est soumise à l'approbation de la TSX Venture Exchange. Les actionnaires enregistrés recevront des instructions par courrier pour l'échange de leurs actions, tandis que les positions détenues en comptes de courtage seront ajustées automatiquement.
Apollo Silver Corp. (OTCQB:APGOF) hat angekündigt, eine Aktienzusammenlegung im Verhältnis 5 zu 1 seiner Stammaktien durchzuführen. Die Konsolidierung wird die ausstehenden Aktien von 242.585.395 auf circa 48.517.079 reduzieren.
CEO Ross McElroy betonte, dass mit der Zusammenlegung die Handelbarkeit der Aktien verbessert, das Blue‑Sky‑Potenzial in US‑ und Auslandsmärkten erhöht, anspruchsvollere Investoren angezogen und die Chancen auf eine Indexaufnahme verbessert werden sollen. Keine Bruchstücke von Aktien werden ausgegeben; die prozentuale Beteiligung der Aktionäre bleibt weitgehend unverändert, abgesehen von geringen Anpassungen durch die Eliminierung von Bruchteilen.
Die Zusammenlegung, vom Vorstand am 2. Oktober 2024 genehmigt, steht unter dem Vorbehalt der Zustimmung der TSX Venture Exchange. Registrierte Aktionäre erhalten per Post Anweisungen zum Austausch ihrer Aktien, während in Depotkonten gehaltene Bestände automatisch angepasst werden.
- Share consolidation aims to improve marginability and attract sophisticated investors
- Potential for increased inclusion in market indexes and index funds
- Competitive advantage as few peer companies are margin eligible
- Share consolidation remains subject to regulatory approval
- No cash consideration for fractional shares
VANCOUVER, British Columbia, Sept. 02, 2025 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that, further to the Company’s news release dated October 3, 2024, it intends to proceed with the consolidation (the “Consolidation”) of its issued and outstanding common shares (“Shares”) on the basis of five (5) pre-Consolidation Shares for every one (1) post-Consolidation Share.
“Consolidation of the Company Shares should result in a price environment that allows for immediate marginability, the opportunity of greater blue-sky potential in the US and foreign markets, increased sophisticated investor interest and greater opportunity for inclusion in various indexes and/or index funds. In addition, few of the Company’s peer groups are margin eligible, providing the Company another advantage over our peers,” commented Ross McElroy, President and CEO.
Prior to the Consolidation the Company has 242,585,395 Shares issued and outstanding. Following the Consolidation, the Company will have approximately 48,517,079 Shares issued and outstanding.
No fractional Shares will be issued under the Consolidation. The holdings of any shareholder who would otherwise be entitled to receive a fractional Share as a result of the Consolidation shall be rounded to the nearest whole number and no cash consideration will be paid in respect of fractional Shares. The Consolidation will not affect any shareholder's percentage ownership in the Company other than by the minimal effect of the aforementioned elimination of fractional Shares, even though such ownership will be represented by a smaller number of Shares. Instead, the Consolidation will reduce proportionately the number of Shares held by all shareholders.
A letter of transmittal will be mailed to registered shareholders providing instructions with respect to exchanging share certificates representing pre-Consolidation Shares for post-Consolidation Shares. Shareholders who hold their Shares in brokerage accounts or in book-entry form are not required to take any action as they will have their holdings electronically adjusted by the Company’s transfer agent or by their brokerage firms, banks, trust or other nominees. In accordance with the Company’s Articles, the Consolidation will not require shareholder approval and was approved by the Company’s Board of Directors on October 2, 2024.
The Company will issue a subsequent news release to announce the effective date of the Consolidation once approval has been received from the TSX Venture Exchange (“TSXV”), as the Consolidation remains subject to regulatory approval.
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 credits – a critical mineral 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.
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 the completion of the Consolidation; the receipt of approval for the Consolidation by the TSXV; and the expected benefits of the Share-Consolidation, including potential for a trading price environment that may allow for immediate marginability, an advantage over competition, and greater blue-sky potential in the U.S. and foreign markets, increased interest from sophisticated investors, and the potential for inclusion in various indexes. 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 Ba; the demand for silver, gold and Ba; 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.
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