Two-Tiered Corporate Announcement Sends Shares Soaring
Rarely does a company announce key management changes and a new corporate initiative at the same time, but that’s exactly what happened this afternoon to this small cap. Apollo Gold & Silver Corp (TSX-V:APGO) announced the appointment of an Advisor as well as a new General Manager, both with vast amounts of experience.
In addition, the company announced that it has entered into a marketing and advertising arrangement with Future Money Trends, LLC, which will provide financial publishing and digital marketing services to Apollo for a term of one year. This sent shares soaring late in the session.
Apollo Gold has assembled a team that is exploring for world class gold deposits in tier-one jurisdictions with an initial focus on Peru and Chile which both combine exceptional geology with supportive regulatory and fiscal regimes. Positioned for a prolonged gold cycle, the Company has secured rights to highly prospective projects in both countries. In Chile, the Company's initial project encompasses 5,329 hectares in the heart of the Republic of Chile's prolific El Indio Gold Belt surrounded by some of the largest gold companies/mines in the world.
Traders were bullish on the news as shares climbed up to a session high of $0.95/share (11.76%) in the second half of the day. This move is a strong continuation of the success this stock has had over the last six months.