Australia

Apollo Minerals completes shortfall placement for $4.2 million entitlement issue

Apollo Minerals Ltd (ASX:AON) has completed the placement of shortfall shares by issuing about 67 million shares at 2.5 cents each under its 1-for-1 non-renounceable entitlements issue.

In accordance with the terms of the $4.2 million entitlements issue, the directors have exercised their discretion to offer the shortfall securities to nominated parties.

With the shortfall now complete, Apollo is in a strong financial position to progress with its planned exploration programs at tRead More – Source

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