Apogee Closes Private Placement Financing
Summary
Each Warrant entitles the holder thereof to acquire a Common Share at the exercise price of $0.25 per share until December 3, 2012.The Company has paid the Agents and certain finders an aggregate cash commission of $455,000 and has issued to the Agents and certain finders a total of 2,527,777 compensation options to acquire 2,527,777 Units of the Company (the Compensation Options). Each warrant will entitle the holder to acquire a common share of the Company at an exercise price of $0.25 for a period of 24 months after issuance. Apogee targets advanced stage silver-zinc-lead projects in South America that demonstrate potential to be accelerated to production. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the 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: financing not being available at desired prices; general business, economic, competitive, political and social uncertainties; the actual results of current exploration activities; timing and availability of external financing on acceptable terms; conclusions of economic evaluations; changes in project parameters as plans continue to be refined; future prices of mineral prices; failure of plant, equipment or processes to operate as anticipated; accidents, labour disputes and other risks of the mining industry; and, delays in obtaining governmental approvals or required financing or in the completion of activities. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.