News: AOP Apollo Consolidated updates on transfer of title for seguela permit

May 2 (Reuters) - Apollo Consolidated Ltd (AOP)

• Received confirmation of transfer of title for seguela permit, triggering a payment of US3.0m to Apollo's unit
• Apollo's share of payment is expected to be approximately a$3.2m
• Will retain exposure to any subsequent commercial decision on seguela property through a 1.2% net smelter royalty
• Newcrest retains a right to repurchase royalty at independently appraised fair market value on a decision to mine being made