By Devika Patel
Knoxville, Tenn., Nov. 1 - Apollo Gold Corp. announced it has settled a private placement of shares, raising C$4.1 million. The deal priced on Oct. 12 for C$4.07 million
The company sold 7,454,545 flow-through shares, up from its planned sale of 7.4 million shares, at C$0.55 per share.
The shares will have a four-month hold period.
Proceeds will be used to fund Canadian exploration expenses at Apollo's Black Fox project.
Denver-based Apollo is a gold exploration company.
| Issuer: | Apollo Gold Corp.
|
| Issue: | Flow-through shares
|
| Amount: | C$4.1 million
|
| Shares: | 7,454,545
|
| Price: | C$0.55
|
| Warrants: | No
|
| Pricing date: | Oct. 12
|
| Settlement date: | Nov. 1
|
| Stock symbol: | Toronto: APG
|
| Stock price: | C$0.48 at close Oct. 11
|
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