Apollo Minerals Receives Commitments For AU$2 Million Shortfall Offer

MT Newswires Live

Feb 06, 2025

Apollo Minerals (ASX:AON) received commitments to subscribe for around 143 million shares under its previously announced shortfall offer to raise around AU$2 million in gross proceeds, according to a Thursday Australian bourse filing.

This included a strategic cornerstone investment from Capital DI and its supporters, who have committed to subscribing for around AU$1.45 million, the filing said.

As part of the investment, Capital will have the right to appoint a non-executive director, if they hold a voting power of at least 10% in Apollo, the filing added.

Capital recently began drilling at Apollo Minerals' Salanie gold project in Gabon.

The shortfall shares are set to be issued on or around Feb. 12.

AlpineCapital was the lead manager for a segment of the shortfall offer, per the filing.

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