Prospect Global Resources (PGRX -32.5%) sinks to new depths after last night's release of the...

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

Prospect Global Resources (PGRX -32.5%) sinks to new depths after last night's release of the official termination of Apollo Global's (APO) $100M financing agreement. As a termination fee, PGRX paid APO $750K, issued two promissory notes for $6.75M, and reimbursed $2.16M in expenses. Shares have slipped 53% since the termination news first came out.