Apollo Minerals Limited’s Successful AU$6.5 Million Placement for Couflens Project
Apollo Minerals Limited (ASX: AON) has successfully raised AU$6.5 million through a placement to fund exploration and development activities at its Couflens High-Grade Tungsten Gold Project in southern France. The company secured commitments for approximately 213 million new shares, raising AU$5.75 million, with additional subscriptions from Directors and Officers for AU$0.8 million, pending shareholder approval.
The Couflens project, which includes the historically rich Salau mine, is known for its high-grade tungsten and gold mineralization, with surface rock chip samples revealing gold concentrations up to 24.5g/t Au. The funds from the placement will be used to advance exploration efforts and regional development at Couflens, furthering Apollo Minerals' strategic goals. The placement was completed at a price of AU$0.027 per share, representing a 10% discount to the last closing price. The positive response from existing shareholders underscores their support for the company's future growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Apollo Minerals Limited’s Successful AU$6.5 Million Placement for Couflens Project
Apollo Minerals Limited (ASX: AON) has successfully raised AU$6.5 million through a placement to fund exploration and development activities at its Couflens High-Grade Tungsten Gold Project in southern France. The company secured commitments for approximately 213 million new shares, raising AU$5.75 million, with additional subscriptions from Directors and Officers for AU$0.8 million, pending shareholder approval.
The Couflens project, which includes the historically rich Salau mine, is known for its high-grade tungsten and gold mineralization, with surface rock chip samples revealing gold concentrations up to 24.5g/t Au. The funds from the placement will be used to advance exploration efforts and regional development at Couflens, furthering Apollo Minerals' strategic goals. The placement was completed at a price of AU$0.027 per share, representing a 10% discount to the last closing price. The positive response from existing shareholders underscores their support for the company's future growth.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au