New Issue: Apollo Gold seals C$13 million bought-deal private placement of stock

By Devika Patel

Knoxville, Tenn., July 17 - Apollo Gold Corp. announced it settled a C$13 million private placement of shares. The deal priced for C$10 million with a C$3 million greenshoe on June 26.

The company sold 13,889,390 flow-through shares at C$0.54 apiece and 12,221,640 common shares at C$0.45 per share on a bought-deal basis.

Proceeds will be used to incur Canadian exploration expenses at Apollo's Black Fox project, for working capital and general corporate purposes.

Denver-based Apollo is a gold exploration company.

Issuer:	Apollo Gold Corp.
Issue:	Flow-through shares
Amount:	C$13 million (including C$3 million greenshoe)
Warrants:	No
Pricing date:	June 26
Settlement date:	July 17
Stock symbol:	Toronto: APG
Stock price:	C$0.49 at close June 26
Market capitalization:	C$115 million
Flow-through shares
Amount:	C$7,500,270.60
Shares:	13,889,390
Price:	C$0.54
Common shares
Amount:	C$5,499,738
Shares:	12,221,640
Price:	C$0.45

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