HONG KONG, Dec. 11, 2013 (GLOBE NEWSWIRE) -- Apolo Gold & Energy Inc. ("Apolo" or the "Company") (OTCQB:APLL), a Nevada Corporation, announced today that it has acquired three gold exploration claims in China's Xinjiang Province.
The Company is issuing six million restricted shares for a 70% interest in the following claims:
(a) Gold Mine Reconnaissance in the West of Daqing Gerry River, Qinghe County, |
Area: 7.91 Square Kilometers |
Xinjiang Province. Certificate NO. T65120081202020895 |
Period of Validity: March 2, 2012 to March 27, 2014. |
(b) Gold Mine Detailed Survey in the Northwest of Sensha Water Mountain, Heshuo |
Area: 15.80 Square Kilometers. |
Country, Xinjiang Province. Certificate NO. T65120080202006459 |
Period of Validity: July 3, 2012 to July 3, 2015. |
(c) Keler Nebrack Gold Mine Detailed Survey in Habar Country, Xinjiang Province. |
Area: 10.28 Square Kilometers |
Certificate NO. T65120091102036631 |
Period of Validity: January 18, 2012 to February, 20, 2015. |
The period of validity for all of the above claims is automatically extended for twelve months by the payment of the annual renewal fee of approximately US$10,000 for each claim.
Kelvin Chak, CEO stated, "This is the first of many acquisitions we have planned in the roll up of our business plan."
Kelvin Chak, President & CEO