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Artemis Resources Limited — Capital/Financing Update 2007
Aug 12, 2007
10429_rns_2007-08-12_220b1a06-fd7d-4261-abc2-724daf91b511.pdf
Capital/Financing Update
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Registered Office 34 Parliament Place West Perth WA 6005 ABN 80 107 051 749
Telephone: +618 9488 5266 Facsimile: +618 9321 6699 Email: [email protected]
13 August 2007
ELS272007
Company Announcements Office Australian Stock Exchange Limited Electronic Lodgement System
REMINDER TO ARTEMIS SHAREHOLDERS OF PRIORITY ALLOCATION IN APOLLO IPO
Key points:
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Artemis’ shareholders have a priority allocation in the Apollo IPO
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Record date for the priority allocation is 17 August 2007
Further to the release made on 9 August 2007, the Board of Artemis Resources Limited (Artemis or the Company) would like to remind its shareholders of a priority allocation and other relevant details in the proposed Initial Public Offering (IPO) of Apollo Minerals Ltd (Apollo). The Apollo IPO is expected to occur around the third quarter of calendar year 2007 after lodgement of its Prospectus on 9 August 2007 and available at www.apollominerals.com.au .
The Priority Offer Details are as follows: Artemis shareholders registered at the Record Date of 17 August 2007 will be entitled to a priority right to subscribe for Offer Shares. At least 8,000,000 Offer Shares at an issue price of $0.25 each ($2,000,000) will be made available for this purpose. The Priority Offer is not a pro-rata offer and Artemis Shareholders are not restricted as to the number of Offer Shares they may wish to apply for under the Priority Offer, although the minimum offer accepted is 8,000 shares. A Prospectus will be sent to all Artemis shareholders registered on the Record Date.
First Loyalty Option details are as follows: Apollo proposes to issue First Loyalty Options on the basis of one (1) First Loyalty Option for every two (2) Shares held on the relevant record date at an issue price of $0.005 per First Loyalty Option. The First Loyalty Options will have an exercise price of $0.25 and will be exercisable before 1 February 2009.
Second Loyalty Option details are as follows: For every First Loyalty Option that is properly exercised in accordance with its terms, the Company will issue one Second Loyalty Option for nil cash consideration with such Second Loyalty Option having an exercise price of $0.40 each and being exercisable before 1 February 2010.
The Indicative Timetable for the Apollo IPO is:
Apollo Prospectus lodged with ASIC
Artemis Record Date for Priority Offer in Apollo
9 August 2007 17 August 2007
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Registered Office 34 Parliament Place West Perth WA 6005 ABN 80 107 051 749
Telephone: +618 9488 5266 Facsimile: +618 9321 6699 Email: [email protected]
General Offer and Priority Offer Opening Date Expected Priority Offer Closing Date (5:00 pm EST) Expected General Offer Closing Date (5:00 pm EST) Expected Allotment of Offer Shares Expected Official Listing
23 August 2007 24 September 2007 2 October 2007 9 October 2007 16 October 2007
For further information, please call Barry Woodhouse on 0438 674 259.
About Artemis Resources Limited
Artemis Resources Limited, a diversified Australian resources company, listed on the Australian Stock Exchange in March 2007 following a successful IPO.
Artemis aims to establish a specialist resource investment house, with a diversified portfolio of investment in projects as well as investments in resource companies. The Company currently has direct interests in gold (total inferred resources of approximately 70,000 ounces of gold) and a Molybdenum-Copper project in Western Australia, and is examining a number of resource opportunities in Australia and overseas. Such investments currently being considered include those in the gold, base metals and energy sectors (including uranium).
Special Adviser Tony Grey has been appointed to assist Artemis in the development of the Company’s assets. Mr Grey has over 30 years experience in the resource sector including as founder of Pancon, Chairman of International Ferrocrome and director of Mega Uranium.