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Apollo Closes Amalgamation with Stronghold and Creates Significant US Pure Silver Exploration and Development Company
https://ceo.ca/@nasdaq/apollo-…th-stronghold-and-creates
VANCOUVER, British Columbia, July 09, 2021 (GLOBE NEWSWIRE) -- Apollo Gold & Silver Corp. (“Apollo” or the “Company") (TSX.V: APGO) is pleased to announce it has closed the amalgamation transaction and has acquired all the issued and outstanding shares (the “Transaction”) of privately held Stronghold Silver Corp. (“Stronghold”). Apollo, through its 100% owned Stronghold subsidiary now holds rights to three large scale silver projects: Waterloo and Langtry in California and The Silver District in Arizona. With the closing of the Transaction Apollo has become a leading US focused silver exploration and development company.
Highlights:
- A US based pure silver opportunity with three advanced assets in mining friendly regions of Southeast California and Arizona;
- Over 100 million (“M”) ounces of silver in one of three historic resources(1). Significant exploration upside;
- As announced on July 7, 2021, the successful closing of a brokered $52.9 M financing provides significant capital to advance the Company.
