Update: Apollo Silver Up Near 8%, Hits 52 Week Highs As Details $25 Million Strategic Investment From Eric Sprott and Jupiter Asset Management
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Apollo Silver's stock rose nearly 8%, reaching 52-week highs, after announcing a $25 million strategic investment from Eric Sprott and Jupiter Asset Management. The offering includes 5 million units at $5 each, with each unit comprising one common share and one full warrant. Post-offering, Jupiter Fund will hold 12.1% and Eric Sprott 9.6% of Apollo Silver's shares. Warrants allow purchase at $7 within 24 months.
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