Ann: Annual Report to shareholders, page-10

Thanks for the info thalweg

Makes sense

From the last capital raising on 11TH July 2014

CAPITAL RAISING
Apollo Minerals Ltd (ASX:AON) (Apollo or the Company) is pleased to announce that it has received firm commitments to raise $2.2 million before costs. Apollo will place 100,000,000 new shares to sophisticated or professional investors at 2.2 cents per share

The lead manager to the raising was Patersons Securities Limited.


Looks like cutting and running not waiting for results
I will wait this out for results my self  (then again I ain't sophiscatedede)