Artemis Resources Limited

Management Reports • Jan 25, 2022

National Storage Mechanism | Additional information

RNS Number : 5934Z

Artemis Resources Limited

25 January 2022

THIS ANNOUNCEMENT AND THE INFORMATION CONTAINED HEREIN IS NOT FOR PUBLICATION, RELEASE OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, THE REPUBLIC OF SOUTH AFRICA OR NEW ZEALAND OR IN OR INTO ANY OTHER JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A BREACH OF ANY APPLICABLE LAW OR REGULATION.

THIS ANNOUNCEMENT IS FOR INFORMATION PURPOSES ONLY AND DOES NOT ITSELF CONSTITUTE A PROSPECTUS OR OFFERING MEMORANDUM OR AN OFFER FOR SALE OR SUBSCRIPTION IN RESPECT OF ANY SECURITIES IN THE COMPANY. THIS ANNOUNCEMENT DOES NOT CONSTITUTE OR CONTAIN ANY INVITATION, SOLICITATION, RECOMMENDATION, OFFER OR ADVICE TO ANY PERSON TO SUBSCRIBE FOR, OTHERWISE ACQUIRE OR DISPOSE OF ANY SECURITIES OF ARTEMIS RESOURCES LTD IN ANY JURISDICTION WHERE TO DO SO WOULD BREACH ANY APPLICABLE LAW OR REGULATION.

25 January 2022

Artemis Resources Ltd

("Artemis Resources", the "Company" or together with subsidiaries, the "Group")

(ASX: ARV, FRA: ATY, US: ARTTF)

Results of Fundraising

Artemis Resources, an Australian-based and ASX-listed mining exploration and development company, announces that, further to its announcement of 7.00 a.m. (London time) on 24 January 2022 (the "Placing Announcement"), it has successfully completed and closed the Placing and a direct subscription of Ordinary Shares ("Subscription Shares") by certain shareholders (together with the Placing the "Fundraising").

The Fundraising has raised, in aggregate, gross proceeds of £5 million through the placing of 133,333,333 Placing Shares and Subscription Shares to certain institutional and other investors at a price of 3.75 pence per share.

The net proceeds of the Fundraising will be primarily applied for the development of the Group's Carlow Castle project and Paterson Central project, as further detailed in the Placing Announcement.

Admission and Total Voting Rights

Application will be made to the London Stock Exchange for Admission of the Enlarged Issue Share Capital of 1,388,330,984 Ordinary Shares to trading on AIM. It is expected that Admission will become effective and that dealings in the Placing Shares and Subscription Shares will commence on AIM at 8.00 a.m. on 7 February 2022 (or such later date as may be agreed between the Company and the Bookrunner, but no later than 28 February 2022).

The Placing Shares and Subscription Shares will be issued fully paid and will rank pari passu in all respects with the Company's existing Ordinary Shares.

For the purposes of the Financial Conduct Authority's Disclosure Guidance and Transparency Rules ("DTRs"), following Admission, the total number of Ordinary Shares with voting rights in the capital of the Company in issue will be 1,388,330,984. Artemis Resources holds no shares in treasury. The figure of 1,388,330,984 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in the Company, pursuant to the Company's Articles (which incorporate the relevant provisions of the DTRs) or under the ASX Listing Rules.

Capitalised terms used but not otherwise defined in this announcement shall have the meanings ascribed to such terms in the Placing Announcement, unless the context requires otherwise.

Alastair Clayton, Executive Director, of Artemis Resources Limited, said:

"We have received a fantastic response to our capital raise and proposed AIM-listing and have closed the book earlier than originally anticipated.  From our discussions with new and existing shareholders it is clear that our strategy to provide UK and European investors a more direct route to owning our shares has been the right one.

That we have successfully raised the maximum amount approved by the Board at zero discount to the last traded price in Australia, I believe, is testimony to the opportunity and value proposition presented by our Paterson Central and Greater Carlow/Radio Hill gold - copper projects in Western Australia.

The Company is now well funded to execute its extensive drill programmes and we expect to have further updates regarding these plans very soon. We look forward to our first day of trade in London the 7th of February.

Lastly I would like to thank WH Ireland and our other UK and Australian advisers for their efforts in making this AIM dual-listing a reality."

For further information on the Company, please visit https://artemisresources.com.au/ or contact:

Enquiries

Artemis Resources Limited	via Camarco
Alastair Clayton
WH Ireland Limited (Nominated Adviser and Sole Broker)
Jessica Cave / Megan Liddell (Corporate Finance)  Harry Ansell / Daniel Bristowe / Adam Pollock (Corporate Broking)	Tel: +44 20 7220 1666 Tel: +44 20 7220 1648
Camarco (Public Relations)	Tel: +44 20 3781 9244
Gordon Poole / James Crothers Emily Hall / Rebecca Waterworth	Email: [email protected]

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