Published On: Fri, Dec 27th, 2013

Apolo Gold & Energy Inc. (OTCQB: APLL) Announces Lithium Battery Factory Acquisition

Apolo Gold & Energy Inc. (OTCQB:APLL), a Nevada Corporation which has the purpose of financing and operating precious metals concessions, announced Monday, December 23rd, 2013, that it has acquired a 24% stake in JIANGXI EVERENERGY NEW MATERIAL CO., LTD.

The company has agreed to issue eight million restricted common shares of Apolo at the price of $0.375 USD per share, plus, $1 Million (USD) in cash for this transaction.

Kelvin Chak, CEO, stated in the company’s press release dated December 23rd, 2013, “This is another exciting strategic acquisition we have completed as part of our business plan. We like the lithium battery space very much and see huge growth potential as global electric car companies such as Tesla gain market share.”

Founded in July of 2010, Everengery is located in the Li-ion Battery high-tech industry park of Yi Chun, Jiangxi province, China.  It has a registered capital of 22 million RMB and the total asset value on its balance sheet of 107.9 million RMB ($17 Million USD). Everengery covers over 100 acres and mainly deals in the R & D, production and sales of high quality lithium batteries, cathode materials and relevant precursor materials.

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