Brief: Apollo Signs Definitive Acquisition Agreement To Create Significant U.S. Pure Silver Exploration & Development Company

Apollo Silver

12/05/2021 19:00

May 12 (Reuters) - Apollo Gold & Silver Corp  APGO.V :
    * APOLLO SIGNS DEFINITIVE ACQUISITION AGREEMENT TO CREATE
SIGNIFICANT US PURE SILVER EXPLORATION AND DEVELOPMENT COMPANY
    * APOLLO GOLD - ENTERED DEFINITIVE ACQUISITION AGREEMENT TO
ACQUIRE ALL ISSUED AND OUTSTANDING SHARES OF PRIVATELY HELD
STRONGHOLD SILVER CORP
    * APOLLO GOLD CORP - APPOINTMENT OF TOM PEREGOODOFF AS
PRESIDENT
AND CEO OF COMPANY WITH FURTHER ADDITIONS TO BOARD OF DIRECTORS
    * APOLLO GOLD CORP - IN EVENT TRANSACTION IS NOT COMPLETED
ON OR
BEFORE JUNE 30, 2021, AGREEMENT WILL TERMINATE UNLESS MUTUALLY
AGREED
    * APOLLO - WILL ISSUE 40 MILLION COMMON SHARES TO STRONGHOLD
SHAREHOLDERS ON SHARE EXCHANGE RATIO OF 1 APOLLO SHARE FOR 1
STRONGHOLD SHARE
    * APOLLO - PURSUANT TO VARIOUS OPTION AGREEMENTS, STRONGHOLD
HOLDS
RIGHT TO ACQUIRE 100% INTEREST IN WATERLOO, LANGTRY, ARIZONA
SILVER DISTRICT PROJECTS

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX5zqHnj
Further company coverage:  APGO.V 

 ((Reuters.Briefs@thomsonreuters.com;))