Silver Stock Apollo Silver (TSX.V: APGO) (OTCQB: APGOF) to Proceed with 5-for-1 Share Consolidation
VANCOUVER, British Columbia, Sept. 02, 2025 — (www.investorideas.com Newswire) Apollo Silver Corp. (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.
Apollo Silver Corp. (TSX: APGO.V) (OTCQB:APGOF) (Frankfurt:6ZF0) is a featured mining stock on Investorideas.com
More info on APGO at Investorideas.com Visit: https://www.investorideas.com/CO/APGO/
