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Artemis Resources Limited — Capital/Financing Update 2022
Nov 28, 2022
10429_rns_2022-11-28_5500f563-60a3-4956-bd62-a32e8e905d6c.pdf
Capital/Financing Update
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29 November 2022
ASX Announcement
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Disposal of Non Core Investment for AUD2.0m
Highlights
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Artemis Resources has sold 100% of its equity investment in AIM-listed Alien Metals (AIM:UFO) for approximately GBP1.15m (~AUD2.0m) of gross cash proceeds.
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Cash raised from the proceeds will be used to fund exploration activities at the Paterson and Carlow Au-Cu Projects, and for general working capital purposes
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Cash in bank as of 28 November, including the above sale proceeds from recent investment disposals, is approximately AUD 2.3m.
About Artemis Resources
Artemis Resources (ASX/AIM: ARV; FRA: ATY; US: ARTTF) is a Perth-based exploration and development company, led by an experienced team that has a singular focus on delivering shareholder value from its Pilbara gold projects – the Greater Carlow Project in the West Pilbara and the Paterson Central exploration project in the East Pilbara.
For more information, please visit www.artemisresources.com.au
This announcement was approved for release by the Board
For further information contact:
Artemis Resources Limited Mark Potter
[email protected] or via Camarco
WH Ireland Limited (Nominated Adviser) Antonio Bossi / Megan Liddell (Corporate Finance)
Tel: +44 20 7220 1666
Cenkos Securities (Broker) Neil McDonald / Adam Rae / Pearl Kellie (Corporate Finance) Leif Powis (Corporate Broking)
Tel: +44 20 7894 7000 Tel: +44 20 7894 7000
Camarco (Financial PR) Gordon Poole / Emily Hall / Rebecca Waterworth
Email: [email protected]
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