VANCOUVER, BRITISH COLUMBIA--(Marketwired - Oct. 2, 2013) - Apolo Gold & Energy Inc. ("Apolo" or the "Company") (OTCQB:APLL), a Nevada Corporation, is pleased to announce that it has appointed two new members to the Board of Directors of the Company and has also completed a Private Placement Financing.
The new directors appointed are Mr. Kelvin Chak and Mr. Huang, Chin Lung, both of Hong Kong. Mr. Chak is a Solutions Engineer in Hong Kong with a 10 year career as an IT Engineer. He has a Master of Business Administration from the University of Surrey, United Kingdom, a Master of Information Technology from the University of Nottingham, United Kingdom and a BA Degree in Chinese Language from Hong Kong Baptist University.
Mr. Huang, Chin Lung is currently Deputy General Manager, Guolong Investment Management (Jiangsu) Co, in Hong Kong (since 2011) and prior to that was Executive Director, Shenyang Jiajiabao Bio-tech Co, Ltd from 2007 to 2011.
The Company also completed a private placement of 1,875,000 shares of its common stock to Kelvin Chak, at $0.08 per share for total consideration of $150,000. The Company has used the proceeds to retire current obligations, including a related party debt of $90,000.
Mr. Chak has also entered into a Stock Purchase Agreement to acquire 2,573,053 shares from current directors Dinning and Yu and former director Bojtos at $0.08 per share. The agreement calls for payment of 50% of the shares now and 50% in six months.
ON BEHALF OF THE BOARD
Robert Dinning, President & CEO