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Apollo Minerals directors double their holding by participating in entitlement offer

Apollo has started an exploration program at the Kroussou zinc-lead project in western Gabon.

Apollo Minerals - Apollo Minerals directors double their holding by participating in entitlement offer
Kroussou is a significant, large scale, near surface zinc-lead project

Apollo Minerals Ltd (ASX:AON) has confirmed that five of its directors have doubled their shareholding by participating in the company’s one for one pro rata non-renounceable entitlement offer at 2.5 cents per share.

Substantial holders increase stake

Apollo’s substantial holders Arredo Pty Ltd and Juniper Capital Partners have also participated in the entitlement offer.

Arredo purchased shares worth $300,000 to increase its stake from 7.16% to 8.92%

Juniper purchased shares worth $656,250 to increase its stake from 7.84% to 9.76%.

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ASX:AON
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Apollo Minerals enters earn-in for zinc-lead project

Apollo Minerals Limited (ASX:AON) has entered an agreement to earn into a highly promising zinc and lead project in the African country of Gabon. Apollo's Executive Director Hugo Schumann tells Proactive London how the agreement will see the company earn an interest of up to 80% in the Kroussou...

on 3/9/19

2 min read