Apollo Silver Corp. announces the consolidation of its shares at a ratio of 5 pre-Consolidation Shares for every 1 post-Consolidation Share. This move aims to enhance the Company’s market potential and attract more sophisticated investors. The Company will have approximately 48,517,079 Shares issued and outstanding after the consolidation, with no fractional shares issued. Shareholders will receive instructions on exchanging their share certificates. The consolidation does not require shareholder approval and was approved by the Board of Directors. The effective date of the consolidation is pending TSX Venture Exchange approval. Apollo Silver Corp. is focused on advancing its primary silver projects in the US and Mexico, led by an experienced management team.
For further information, contact [email protected] or +1 (604) 428-6128. Forward-looking statements in this news release highlight the potential benefits of the consolidation, such as increased interest from investors and market potential. The Company’s management bases these statements on reasonable assumptions and analysis, but acknowledges the risks associated with mineral exploration, metal prices, and regulatory factors. The Company aims to keep investors informed about its financial and operational performance, with updates provided in accordance with securities laws.
Read more at GlobeNewswire: Apollo to Proceed with 5-for-1 Share Consolidation
