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%.