11:31 AM EDT, 10/21/2024 (MT Newswires) -- Apollo Silver ( APGOF ) over the weekend said it increased the size of its non-brokered private placement to up to 67.5-million common shares at $0.20 per share to raise up to $13.5 million.

The company cited significant interest in its decision to boost the private-placement size. The closing of the offering is subject to TSXV approval.

Proceeds from the offering will be used to continue advancing the Calico silver project in San Bernardino, California; to invest in community relations initiatives at the newly optioned Cinco de Mayo silver project in Chihuahua, Mexico; for ongoing property maintenance costs at both projects; and for general corporate purposes.

The company's shares were last seen down $0.015 to $0.30 on the TSX Venture Exchange.

Price: 0.30, Change: -0.02, Percent Change: -4.76