Apollo raises cash for European projects

ASX-listed junior Apollo Minerals will raise A$6-million through an institutional placement to accelerate work programmes at the Couflens project, in France, and the Aurenere project, in Spain. Apollo will issue 26.1-million shares, at a price of 23c each, to raise the costs, with the placement price representing a13% discount to the company’s 20-day volume weighted average share price.