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Apollo Silver Closes Second and Final Tranche of $27.5 Million Private Placement Offering, with a $12.5 Million Investment from Jupiter Asset Management
VANCOUVER, British Columbia, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Apollo Silver Corp.  (ȁ...
About this update from Apollo Silver Corp
[{"type":"text","content":"Apollo Silver Closes Second and Final Tranche of $27.5 Million Private Placement Offering, with a $12.5 Million Investment from Jupiter Asset Management\nVANCOUVER, British Columbia, Jan. 28, 2026 (GLOBE NEWSWIRE) -- Apollo Silver Corp. (“Apollo Silver” or the “Company”) (TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that it has closed the second and final tranche of its previously announced upsized non-brokered private placement (the “Offering”), previously announced on January 21, 2026. Pursuant to the closing of the second and final tranche of the Offering, the Company issued an aggregate of 2,500,000 units (the “Units”) at a price of $5.00 per Unit for aggregate gross proceeds of $12,500,000. With the completion of this tranche, the Offering is now fully subscribed for total gross proceeds of $27,500,000. A fund managed by Jupiter Asset Management (the “Jupiter Fund”) subscribed for all of the Units under the second and final tranche of the Offering. As a result of closing the second and final tranche of the Offering, the Jupiter Fund now beneficially owns and controls 7,452,456 common shares and 3,807,200 common share purchase warrants of the Company, representing approximately 11.9% of the Company’s outstanding common shares on a non-diluted basis and approximately 16.9% on a partially diluted basis, assuming exercise of such warrants. “We welcome and appreciate the continued participation of Jupiter Fund, as a key shareholder of Apollo Silver,” said Ross McElroy, President and CEO of Apollo Silver. “Jupiter Fund’s commitment is a strong statement of support as we continue to advance our large scale, high quality silver assets in stable jurisdictions.”   Each Unit issued pursuant to the 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 $7.00 for a period of 24 months from the closing date of the Offering. Closing of the Offering remains subject to final acceptance of the TSX Venture Exchange. In connection with subscriptions received in the second and final tranche of the Offering, the ...