UPDATE: Artemis Resources to raise GBP5 million in AIM listing

Artemis Resources Ltd - Perth-based miner with gold, copper and cobalt projects in Pilbara region ...

Alliance News 24 January, 2022 | 2:46PM
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Artemis Resources Ltd - Perth-based miner with gold, copper and cobalt projects in Pilbara region of Western Australia - Plans listing on AIM on February 7. The London listing will be in addition to Artemis's current listings on the Australian Stock Exchange in Sydney, on the Frankfurt Stock Exchange, and on the OTCQB Market in the US. Plans to raise GBP5 million from the placing of 133 million new shares at 3.75 pence each as part of its AIM initial public offering. The new shares will represent 9.6% of the enlarged share capital. The IPO is being led by WH Ireland Ltd as nominated adviser and broker. WH Ireland also will be the bookrunner for the accelerated bookbuild. Artemis is focused on its 100%-owned Paterson Central gold-copper project, and the new cash will be used restart phase 1 drilling, expected to begin in March.

Current stock price in Sydney: AUD0.070, about 3.69p

12-month change: down 46%

By Tom Waite; thomaslwaite@alliancenews.com

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