Artemis Resources Limited — Capital/Financing Update 2021

Jun 2, 2021

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INVESTMENT IN ARTEMIS RESOURCES LIMITED

Metal Tiger plc (ASX:MTR / AIM:MTR), is pleased to announce that it has subscribed for 12,500,000 new ordinary shares in Artemis Resources Limited (ASX:ARV) (“Artemis”) at an issue price of A$0.06 per share for a total consideration of approximately A$750,000.

The investment forms part of a capital raise by Artemis of A$7.0 million. The placement was met with strong demand from institutional investors. The use of proceeds from the capital raising will be to fund exploration drilling at the Paterson and Carlow Castle gold-copper projects in the Pilbara, Western Australia, as well as for general working capital purposes.

Following completion of the fundraise, Metal Tiger will hold 14,357,305 shares in Artemis which will represent approximately 1.15% of the enlarged share capital following the fundraise.

Mark Potter, Director and Chief Investment Officer of Metal Tiger, is Non-Executive Chairman of Artemis Resources.

A link to the Artemis press release can be found below:

Artemis completes A$7m placement to accelerate drilling campaigns:

https://artemisresources.com.au/investors/#asx-announcements

This ASX release was authorised on behalf of the Metal Tiger Board by: David Michael McNeilly, Chief Executive Officer.

Weston Farm House | Weston Down Lane | Weston Colley | Winchester | Hants | SO21 3AG, United Kingdom +44 (0) 20 3287 5349 | info@metaltigerplc.com | Company Number: 04196004 ASX:MTR | AIM:MTR www.metaltigerplc.com

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