Apollo Completes Purchase of Waterloo Silver-Barite Project
Stronghold USA (an indirect wholly owned subsidiary of Apollo Gold and Silver Corp.) (Stronghold) as Purchaser, and Pan American, as Vendor, entered into an asset purchase agreement dated January 22, 2021 (the Waterloo Purchase Agreement) which gave Stronghold the right to purchase 100% interest in the Project for a consideration of US$25,000,000 (the Base Purchase Price).
- Stronghold USA (an indirect wholly owned subsidiary of Apollo Gold and Silver Corp.) (Stronghold) as Purchaser, and Pan American, as Vendor, entered into an asset purchase agreement dated January 22, 2021 (the Waterloo Purchase Agreement) which gave Stronghold the right to purchase 100% interest in the Project for a consideration of US$25,000,000 (the Base Purchase Price).
- In addition, all Project documents, including all data related to the Project in the possession of the Pan American, have become the property of Stronghold.
- About the Waterloo Silver-Barite Project (after Samari, Dr. H., and Breckenridge, L, 2021)(2):
The Project is located in San Bernardino County, California, USA., in the Calico Mountains. - Four historical past-producing mines are located in the northeast portion of the Waterloo Property, including Waterloo, Voca, Union and Burcham mines.