Apolo Acquisition Corp. Announces Completion of $10.2 Million Financing and Signing of Definitive Business Combination Agreement for Proposed Qualifying Transaction

TORONTO, ONTARIO--(Marketwired - Dec. 1, 2017) -

NOT FOR DISSEMINATION IN THE UNITED STATES OR THROUGH US NEWSWIRE SERVICES

Apolo Acquisition Corp. ("Apolo" or the "Corporation") (TSX VENTURE:ACA.P) and CryptoGlobal Inc. ("CryptoGlobal") are pleased to announce the completion of a brokered private placement financing (the "Offering"). Pursuant to the Offering, CryptoGlobal issued an aggregate of 12,000,000 common shares (the "Shares") at a price of $0.85 per Share for gross proceeds of $10,200,000. The Offering was conducted through a syndicate of agents led by Canaccord Genuity Corp. and including PI Financial Corp. (collectively, the "Agents"). In connection with the Offering, CryptoGlobal paid the Agents a cash commission equal to 6% of the gross proceeds raised from the sale of the Shares.

Apolo and CryptoGlobal are also pleased to announce that they have signed a definitive business combination agreement effective as of December 1, 2017 (the "Agreement") with a wholly-owned subsidiary of Apolo which outlines the terms and conditions pursuant to which Apolo and CryptoGlobal will complete the transaction that will result in a reverse take‐over of Apolo by the shareholders of CryptoGlobal (the "Transaction"). Upon completion of the Transaction, it is the intention of the parties that the resulting issuer company (the "Resulting Issuer") will continue to focus on the business of cryptocurrency mining.

Filing Statement

In connection with the Transaction and pursuant to the requirements of the TSX Venture Exchange (the "TSXV"), Apolo will file a filing statement on its issuer profile on SEDAR (www.sedar.com), which will contain details regarding the Transaction, the Offering, Apolo, CryptoGlobal and the Resulting Issuer.

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction.

ANY SECURITIES REFERRED TO HEREIN WILL NOT BE REGISTERED UNDER THE U.S. SECURITIES ACT OF 1933 (THE "1933 ACT") AND MAY NOT BE OFFERED OR SOLD IN THE UNITED STATES OR TO A U.S. PERSON IN THE ABSENCE OF SUCH REGISTRATION OR AN EXEMPTION FROM THE REGISTRATION REQUIREMENTS OF THE 1933 ACT.

Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to the requirements of the TSXV, majority of the minority shareholder approval. Where applicable, the Transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the Transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the filing statement to be prepared in connection with the Transaction, any information released or received with respect to the Transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.

FORWARD LOOKING STATEMENTS

This news release contains certain forward-looking statements, including, but not limited to, statements about the Corporation's future plans and intentions and completion of the Transaction. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management's current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Corporation cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and the Corporation assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.