The Pulacayo-Paca property is located 18 km east of the town of Uyuni in the Department of Potosi in southwestern Bolivia. It is located 460 km south-southeast of the national capital of La Paz and 150 km southwest of the city of Potosi, which is the administrative capital of the department.
Pulacayo is accessible by all season paved and gravel roads from La Paz via Oruro to Uyuni, and by newly paved road from Potosi. The town of Uyuni has a newly developed asphalt airstrip which now accommodates daily scheduled air service from La Paz by two regional carriers. It also has commercial railway connections to the cities of Oruro, Potosi and Villazon, and links to the borders of Argentina and Chile. Railway connections to Chile link to major shipping ports at Antofastago and Porto Mejilliones.
Silver was first discovered at Cachinal de la Sierra in 1881 by prospectors Pedro or Jose Peñafiel and Simon Figueroa. The mine was first named “Descubridora”, but was subsequently re-named Arturo Prat with mining operations commencing in 1881. Initial mineral exploitation was for silver, however gold was discovered 10-20 years later in the Guanaco District, about 15 km south of Cachinal.
Between 1881 and 1930 Cachinal de la Sierra saw uninterrupted silver production and became an important mining centre with a large population, public services, and a railway to the coast at Taltal. Production concentrated on high-grade ore because the critical silver mining cut-off grade during the first decades of the 20th Century was higher than 700 g/t Ag. The total historic production was estimated to be approximately 1,000 tonnes of silver (about 32 million ounces) for the district. Mining operations ceased in 1930, due to the world economic depression.
The area saw intermittent activity by independent artisanal miners when silver prices were relatively high during the period from 1979 to the early 1990’s. A number of exploration and evaluation studies have been conducted subsequent to these latter short lived exploitation efforts.
Apogee's common stock trades on the Toronto Stock Venture Exchange under the Symbol: APE
also in the US under the Symbol: AGEEF
As at October 29, 2012, 301,066,809 common shares of the Company were outstanding
As at Jan. 9, 2013, 301,066,809 common shares of the Company were outstanding
As at December 31, 2013, 377,816,059 common shares of the Company were outstanding
(on April 04,2013 71.270.000 shares goes to the Apogee Management & Friends, in a Private Placemant for a Share Price of 0,05$!!!)
6 New Street Square
New Fetter Lane
London, UK EC4A 3AQ
On March 11, 2014:
The Offeror beneficially owns a total of 73,000,000 Shares and 73,000,000 Warrants of the
Company. The Shares represent approximately 16.19% of the Company’s current issued and
outstanding share capital (450,816,059 common shares).
The Shares and Warrants represent approximately 27.87% of the Company’s issued and outstanding share capital assuming the
exercise of such Warrants
The Shares and Warrants were acquired by the Offeror at the deemed price of $0.05 per unit, in
consideration of the Company acquiring 1,977,462 ordinary shares in the capital of the Offeror
at the deemed price of £1.00 per ordinary share.
$$$ Cash $$$
As at December 31,13 Cash and cash equivalents consist of :