Prospect Global Resources (PGRX -20.6%) said last night it won’t be receiving an expected $100M...

|About: Prospect Global Resources, ... (PGRX)|By:, SA News Editor

Prospect Global Resources (PGRX -20.6%) said last night it won’t be receiving an expected $100M investment from Apollo Global Management (APO); it had intended to use the cash to finance production at its mine in Arizona. PGRX tucked the news at the end of a press release about a new CEO, saying only that both parties "mutually terminated the previously-announced investment agreement."