Apollo Amends Warrant Terms
1
Apollo Amends Warrant Terms
Vancouver, British Columbia, July 5, 2023 – Apollo Silver Corp. (“Apollo” or the “ Company”)
(TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF0) is pleased to announce that on July 4, 2023 it held its
previously announced (Note 1) special meeting of W arrant holders to approve by extraordinary resolution
proposed amendments to the terms of the 35,266,665 warrants issued to subscribers under the Company’s
private placement that closed on July 6 , 2021 (the “Warrants”). Pursuant to the approved amendments,
the expiration date of the Warrants has been extended from July 8, 2023 to July 8, 2026 and the exercise
price for the third, fourth and fifth year of the amended term has been set at $0.79 (the “Amended Terms”).
A total of 17,471,282 Warrants were voted in person or by proxy, representing 49.54% of the ou tstanding
Warrants, with 13,487,783 (77.2%) voting in favour of the Amended Terms and 3,983,499 (22.8%)
opposed. The TSX Venture Exchange has granted final acceptance of the Amended Terms as of July 4,
2023.
Please visit www.apollosilver.com for further information.
NOTE 1: For further details, including the voting thresholds required for extraordinary resolutions, please
refer to the previous news release: “Apollo Applies to Amend Warrant Terms”, May 23, 2023 (Vancouver):
https://apollosilver.com/apollo-applies-to-amend-warrant-terms/
ON BEHALF OF THE BOARD OF DIRECTORS
Tom Peregoodoff
Chief Executive Officer
For further information, please contact:
Tom Peregoodoff
Chief Executive Officer
Telephone: +1 (604) 428-6128
About Apollo Silver Corp.
Apollo Silver Corp. has assembled an experienced and technically strong leadership team who have joined to advance
world class precious metals projects in tier-one jurisdictions. The Company is focused on advancing its portfolio of two
significant silver exploration and resource development projects, the Calico Silver Project, in San Bernardino County,
California and Silver District Project in La Paz County, Arizona.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of
the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Cautionary Statement Regarding “Forward-Looking” Information
This news release includes “forward- looking statements” and “forward- looking information” within the meaning of
Canadian securities legislation. Forward- looking statements include predictions, projections and forecasts and are
often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”,
“potential”, “target”, “budget” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or
“might” occur or be achieved and other similar expres sions and includes t he negatives thereof . Statements in this
document which are not purely historical are forward- looking statements, including any statements regarding beliefs,
plans, expectations or intentions regarding the future. Forward- looking statements in this news release include the
application for repricing and an extension to the expiry time for certain common share purchase warrants.
Forward-looking statements are based on the reasonable assumptions, estimates, analysis, and opinions of the
management of the Company made in light of i ts experience and its perception of trends, current conditions and
expected developments, as well as other factors that management of the Company believes to be relevant and
reasonable in the circumstances at the date that such statements are made. Forward-looking information is based on
reasonable assumptions that have been made by the Company as at the date of such information and is subject to
known and unknown risks, uncertainties and other factors that may have caused actual results, level of activity,
performance or achievements of the Company to be materially different from those expressed or implied by such
forward-looking information, including but not limited to: risks associated with mineral exploration and development;
metal and mineral prices; a vailability of capital; accuracy of the Company’s projections and estimates; realization of
mineral resource estimates, interest and exchange rates; competition; stock price fluctuations; availability of drilling
equipment and access; actual results of cur rent exploration activities; government regulation; political or economic
developments; environmental risks; insurance risks; capital expenditures; operating or technical difficulties in
connection with development activities; personnel relations; contests over title to properties; changes in project
parameters as plans continue to be refined; and impact of the COVID-19 pandemic. The estimate of mineral resources
may be materially affected by environmental, permitting, legal, title, taxation, sociopolitical, marketing, or other relevant
issues. The quantity and grade of reported inferred mineral resources in this estimation are uncertain in nature and
there has been insufficient exploration to define these inferred mineral resources as an indicated or measured mineral
resource and it is uncertain if further exploration will result in upgrading them to an indicated or measured mineral
resource category. Forward- looking statements are based on assumptions management believes to be reasonable,
including but not limited to the price of silver, gold and barite; the demand for silver, gold and barite; the ability to carry
on exploration and development activities; the timely receipt of any required approvals; the ability to obtain qualified
personnel, equipment and services in a timely and cost -efficient manner; the ability to operate in a safe, efficient and
effective matter; and the regulatory framework regarding environmental matters, and such other assumptions and
factors as set out herein. Although the Company has attempted to identify important factors that could cause actual
results to differ materially from those contained in forward- looking information, there may be other factors that cause
results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking statements will
prove to be accurate and actual results, and future events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on forward looking information contained herein,
except in accordance with applicable securities laws. The forward-looking information contained herein is presented for
the purpose of assisting investors in understanding the Company’s expected financial and operational performance and
the Company’s plans and objectives and may not be appropriate for other purposes. The Company does not undertake
to update any forward-looking information, except in accordance with applicable securities laws.