trending Market Intelligence /marketintelligence/en/news-insights/trending/2pmkfJR-KN6CTKhWLQziAA2 content esgSubNav
In This List

Apollo appoints chairman, plans to raise up to A$4.4M

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023

Video

Battery metals - unbated long term need for supply security despite short-term headwinds


Apollo appoints chairman, plans to raise up to A$4.4M

Apollo MineralsLtd. said May 11 that it appointed Ian Middlemas as chairman of thecompany and that it is planning to raise up to A$4.4 million.

The company will undertake a placement of 34 million shares at5 Australian cents per share, after a 1-for-4 share consolidation, to raise A$1.7million.

Apollo will also announce a 1-for-1 nonrenounceable entitlementsissue at 5 cents apiece to raise gross proceeds of up to a further A$2.7 million.

The board also named Mark Pearce as a director and company secretary.

Eric Finlayson and Guy Robertson will resign as directors whenthe new directors formally join.