C08513-2020

SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)
Dec 9, 2020
2. SEC Identification Number
A199806865
3. BIR Tax Identification No.
005-301-677
4. Exact name of issuer as specified in its charter
APOLLO GLOBAL CAPITAL, INC. (Formerly, YEHEY! CORPORATION)
5. Province, country or other jurisdiction of incorporation
Metro Manila
6. Industry Classification Code(SEC Use Only)
7. Address of principal office
Unit 504, Galleria Corporate Center, EDSA corner Ortigas Ave., Brgy. Ugong Norte, Quezon City Postal Code 1110
8. Issuer's telephone number, including area code
(632) 8532 8654
9. Former name or former address, if changed since last report
N/A
10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA
Title of Each Class Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
Common Shares 280,336,349,297
11. Indicate the item numbers reported herein
Item No. 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

Apollo Global Capital, Inc.APL

PSE Disclosure Form 4-13 - Clarification of News Reports References: SRC Rule 17 (SEC Form 17-C) and
Section 4.4 of the Revised Disclosure Rules

Subject of the Disclosure

Clarification of News Report

Source The Manila Times (Online Edition)
Subject of News Report Apollo unit to mine magnetite in Cagayan
Date of Publication Dec 7, 2020
Clarification of News Report

We reply to your request for clarification on the news articles published entitled “Apollo unit to mine magnetite in Cagayan” posted in The Manila Times (Online Edition) on December 7, 2020, it was reported in part that:

“THE mining company of listed Apollo Global Capital Inc. is to commence the extraction of magnetite iron reserves in the seabed off Cagayan by next year.

In a statement, Apollo Global unit JDVC Resources Corp. said it would be partnering with entrepreneur Frank Lao, owner of Choi Garden, for this project, touted as the first for the Philippines.

Under the consortium agreement signed by the parties, Lao acquired two deep-sea mining vessels with a net capacity of 10,000 tons per day.

‘The ships are expected to arrive in January, joining another vessel already deployed by JDVC over its offshore mining tenement miles away from the town of Gonzaga, Cagayan,’ said JDVC.

JDVC said it owns thousands of hectares of those offshore iron reserves and has secured the full range of required mining, environmental and export licenses and permits from the government.

. . . .

The firm mentioned the ‘bright’ outlook for this undertaking as iron prices are hitting a seven-year high, mainly because of the rising iron demand in China.

According to JDVC, the Department of Environment and Natural Resources confirmed that mineral deposits in area totaled 512 million metric tons.

Furthermore, the company cited the Philippine Mineral Reporting Code’s confirmation the mining life for those deposits would last up to 47 years.

. . . .”

Apollo Global Capital, Inc. confirms the information quoted above.

Other Relevant Information

Please see attached Comprehensive Report on the Results of Exploration and Mineral Resource Estimates For The Proposed Offshore Magnetite Mining Project of JDVC Resources Corporation as well as the Mineral Resource Validation Report.

Filed on behalf by:
Name Kristina Joyce Caro-Gañgan
Designation Corporate Secretary