Proactive’s Tylah Tully breaks down ‘Just the Facts’ of the latest news from Apollo Minerals Ltd. Apollo has secured commitments to raise approximately A$2 million through a shortfall offer, with Capital DI Limited and its key supporters contributing A$1.45 million as cornerstone investors. The funds will support ongoing exploration at the Salanie Gold Project in Gabon, which is emerging as a high-grade gold system. Under the investment agreement, Capital DI has the right to appoint a non-executive director to Apollo Minerals’ board, provided it maintains at least 10% voting power in the company under the Corporations Act 2001. Alpine Capital Pty Ltd acted as lead manager for a portion of the shortfall offer and will receive a 6% fee for funds placed. Apollo Minerals' directors have exercised their discretion to allocate the remaining shortfall securities, with shares expected to be issued around 12 February 2025. The company states that the successful placement strengthens its financial position as it advances exploration at Salanie. Managing director Neil Inwood thanked existing and new shareholders for their support as the company moves into this next phase. Apollo Minerals looks forward to receiving results from key targets in this developing and minimally tested gold system. #ApolloMinerals, #GoldExploration, #MiningInvestment, #SalanieGoldProject, #ResourceDevelopment, #CapitalRaising, #ExplorationFunding, #GabonMining, #GoldMining, #InvestorUpdate, #MiningIndustry, #DrillingProgram, #StockMarketNews, #ASXMining, #StrategicInvestment, #MineralExploration