Artemis Resources Limited — Capital/Financing Update 2018

Feb 6, 2018

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7 February 2018

Company Announcements

ASX Limited

Information Disclosed Under ASX LR 3.10.5A and 7.1A.4(b)

Further to the ASX announcements of 30 and 31 January 2018 and 5 February 2018 and the Appendix 3B lodged by Artemis Resources Limited ( Artemis or the Company ) today regarding the share placement of 45,000,000 fully paid ordinary shares ( Shares ) at 20 cents per Share to raise $9 million (before costs) ( Placement ), Artemis provides the following additional information under ASX Listing Rule 3.10.5A:

• (a) The Company issued a total of 45,000,000 Shares, of which 35,000,000 Shares were issued under Listing Rule 7.1A ( 7.1A Shares ).

The issue of the 7.1A Shares resulted in the following dilution to existing holders of ordinary securities.

• Number of Shares on issue prior to this issue of 7.1A Shares was 591,583,415.

• Number of Shares on issue following this issue of 7.1A Shares was 626,583,415.

• Percentage of voting dilution following this issue is 5.59%.

Details of the Company’s issued capital following completion of the issue of the 7.1A Shares held by pre-issue shareholders and new shareholders are as follows:

pre-issue shareholders and new shareholders are as follows:
	Shares	(%)
Pre-issue shareholders who did notparticipate in the 7.1A Share issue	591,583,415	94.41
Pre-issue shareholders whoparticipated in the 7.1A Share issue	35,000,000	5.59
New shareholders whoparticipated in the 7.1A Share issue	-	-
TOTAL(post Listing Rule 7.1A issue)	626,583,415	100

• (b) Artemis issued the Shares as a placement under Listing Rule 7.1A to sophisticated and professional investors. It was considered the most efficient mechanism for raising funds and operationally it was important to conclude the Placement at this time. The price at which the funds have been raised is a 11.1% discount to the 15 day VWAP prior to the date the price of the issue was agreed on 31 January 2018.

• (c) The Placement was not underwritten.

• (d) Broker fees of 6% are payable in connection with the issue.

Guy Robertson

Company Secretary

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Artemis Resources Limited ABN: 80 107 051 749 Telephone: +61 8 9480 0459 | Facsimile: +61 2 9078 7661 | Email: info@artemisresources.com.au IBM Building Level 3, 1060 Hay Street, PERTH WA 6005 | PO Box R933 Royal Exchange, NSW 1225 Australia www.artemisresources.com.au