Apollo Gold & Silver Corp.
(“
Apollo” or the “
Company")
(TSX.V:APGO, OTCQB:APGOF, Frankfurt:6ZF
) is
pleased to provide the following corporate update, including
additions to its management team and commencement of strategic
marketing activities in the US.
Management Team Additions
Apollo is pleased to announce that Mr. Ignacio
Rosado has been appointed as an Advisor to the Company. Mr. Rosado
will provide strategic guidance to the executive team and will
support the advancement of Apollo’s silver exploration and resource
development project portfolio.
Mr. Rosado has deep technical, financial and
operating experience. Most recently he was Chief Executive Officer
of Volcan Compania Minera S.A.A., previously serving as deputy
Chief Executive Officer. Other roles have previously included Vice
Chairman and Chief Financial Officer at Hochschild Mining Plc. and
Senior Project Manager at McKinsey & Company. He has served on
the Board of Directors of TSX listed companies: Lake Shore Gold
Corp., Zincore Metals, Cordoba Minerals and Kaizen Discovery. Mr.
Rosado holds a degree in Economics from Universidad del Pacifico
and an MBA from the Ross School of Business, University of
Michigan.
In addition, Mr. Alan O’Connor has been
appointed General Manager – Calico Silver District effective August
15, 2021. Mr. O’Connor will play a critical role in advancing the
Waterloo and Langtry silver projects and will report directly to
the Chief Executive Officer.
Most recently, Mr. O’Connor was Operations
Superintendent for De Beers Canada Ltd. Prior to this he held
project manager roles for Peregrine Diamonds Ltd., and Stornoway
Diamonds. He also has extensive international experience and has
worked in the United States, Venezuela and Argentina. Mr. O’Connor
holds a bachelor’s degree in geology from the University of Western
Ontario.
Commenting on these management changes, Apollo
CEO, Tom Peregoodoff said, “I am pleased to welcome Ignacio and
Alan to the team. Ignacio’s deep experience in the mining industry,
specifically the silver sector, will be a great addition to our
growing team. Alan’s project management and operating experience,
gained while he managed large drilling programs in remote and
difficult operating locations, will play a key role in the
advancement of our Waterloo and Langtry silver-barite
projects.”
Corporate Initiatives
Apollo announces that it has entered into a
marketing and advertising arrangement with Future Money Trends, LLC
(“FMT”) of Nevada USA (the “Advertiser”). FMT is arm’s length to
the Company and its directors and officers. Under the arrangement
FMT will provide financial publishing and digital marketing
services to Apollo for a term of one year. FMT will be paid
consideration of $91,750 USD per month during the term.
The Company also announces the granting, subject
to regulatory acceptance, of an aggregate of 4,550,000 incentive
stock options to certain officers, directors and consultants of the
Company (the “Options”). The Options have a term
of 5 years and are exercisable at a price of $0.86 per common
share.
Qualified Person
Cathy Fitzgerald, P.Geo., Vice President
Exploration and Resource Development, is a Qualified Person as
defined by National Instrument 43- 101 and has reviewed and
approved the technical content in this news release.
About Apollo Gold and Silver
Corp.
Apollo Gold and 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
three significant pure silver exploration and resource development
projects: the historical Waterloo and Langtry projects, in San
Bernardino California and Silver District Project in Arizona.
ON BEHALF OF THE BOARD OF DIRECTORS
Tom PeregoodoffChief Executive Officer
For further information, please
contact:
Tom PeregoodoffChief Executive Officer Telephone: +1 (604)
428-6128tomp@apollogold.com
Neither 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
Statements in this news release that are
forward-looking statements are subject to various risks and
uncertainties concerning the specific factors disclosed here and
elsewhere in the Company’s periodic filings with Canadian
securities regulators. When used in this news release, words such
as “will”, “could”, “plan”, “estimate”, “expect”, “intend”, “may”,
“potential”, “appear”, “should,” and similar expressions, are
forward-looking statements.
Although Apollo Gold and Silver Corp. has
attempted to identify important factors that could cause actual
results, performance or achievements to differ materially from
those contained in the forward-looking statements, there can be
other factors that cause results, performance or achievements not
to be as anticipated, estimated or intended. There can be no
assurance that such information will prove to be accurate or that
management’s expectations or estimates of future developments,
circumstances or results will materialize. As a result of these
risks and uncertainties, the results or events predicted in these
forward-looking statements may differ materially from actual
results or events.
Accordingly, readers should not place undue
reliance on forward-looking statements. The forward-looking
statements in this news release are made as of the date of this
news release, and the Company disclaims any intention or obligation
to update or revise such information, except as required by
applicable law.
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